Banks, Financial Services, Investments, Lithuania, Loan

In the second quarter of 2015, the annual growth rate of Lithuania's financial assets was 6%. The growth of financial assets was mostly driven by currency and deposits (4%).

At the end of the second quarter, financial assets totalled EUR 120.3 billion. The main investment positions of financial assets were equity and investment fund (IF) shares (EUR 34.8 billion), and currency and deposits (EUR 29 billion).

In the second quarter of 2015, the annual growth rate of Lithuania's liabilities was 4%. The growth of liabilities was mostly driven by currency and deposits (2%).

At the end of the second quarter, Lithuania's liabilities amounted to EUR 137.6 billion. Equity instruments, IF shares (EUR 41.1 billion) and loans (EUR 30.1 billion) accounted for the largest share of liabilities.

In the second quarter of 2015, the net lending of Lithuania was EUR 207 million or 2.2% of GDP.

At the end of the second quarter of 2015 financial assets of non-financial corporations amounted to EUR 30.9 billion. Their annual growth rate was 7%. Trade credits and other accounts receivable (EUR 12.6 billion) and equity and IF shares (EUR 9.9 billion) composed the largest portions of financial assets.

At the end of the second quarter the liabilities of non-financial corporations totalled EUR 60.4 billion; their annual growth rate was 2%. Main position of liabilities was equity and IF shares (EUR 34 billion).

At the end of the quarter, amounts of loans granted to non-financial corporations totalled EUR 13.3 billion. Loans received from financial corporations amounted to EUR 8.7 billion and comprised 65% of total loans. Non-financial corporations granted EUR 1.6 billion (12%) loans to each other. Loans received from non-residents totalled EUR 3 billion (22% of total loans).

At the end of the second quarter of 2015 the debt of non-financial corporations totalled EUR 13.4 billion and comprised 36.8% of GDP.

At the end of the second quarter of 2015 the financial assets of households and NPIs totalled EUR 33.4 billion; their annual growth rate was 3%. The growth of financial assets was mostly driven by trade credits and other accounts receivable (3%). The main positions of financial assets were equity and IF fund shares (EUR 13.1 billion), and currency and deposits (EUR 11.8 billion).

At the end of the quarter the liabilities of households amounted to EUR 12.3 billion. Their annual growth rate was 16%. The growth of liabilities was mostly driven by trade credits and other accounts payable (13%).

At the end of the second quarter of 2015 the financial assets of Lithuanian households and NPIs per capita amounted to EUR 11.5 thousand, whereas liabilities per capita made up EUR 4 thousand.

At the end of the second quarter of 2015 the debt of households and NPIs totalled EUR 8 billion and comprised 21.9% of GDP.