Loans granted by credit institutions to residents increased in August

The Bank of Lithuania has published the monetary financial institution (MFI) balance sheet and interest rate data for August 2022, which show that loans granted by credit institutions to Lithuanian residents increased by €658.9 million, or 2.6%, over the month (their annual growth rate stood at 16.8%), reports the Bank of Lithuania.

Loans to Lithuanian non-financial corporations rose by €476.8 million, or 5.0%, and those to households by €145.4 million, or 1.1% (their annual growth rate stood at 19.9% and 12.0% respectively). Loans to the financial sector grew by €39.3 million, while those to general government declined by €2.6 million.