OREANDA-NEWS. January 10, 2007. At the end of November 2007, M3 broad monetary aggregate amounted to LTL 41,8 billion, reported the press-centre of Bank of Lithuania.

Over a month it increased by LTL 642,7 million (LTL 696,3 million as a result of transactions).

The annual growth rate of M3 was equal to 23,8 per cent at the end of November. M2 intermediate monetary aggregate, which accounts for the largest part of M3, grew by LTL 604,1 million over a month (LTL 657,2 million, as a result of transactions) and reached LTL 40,9 billion at the end of November. The annual growth rate of M2 at the end of November was 23,3 per cent. Over a month M1 narrow monetary aggregate widened by LTL 91,7 million (LTL 111,6 million as a result of transactions) and made up LTL 26,3 billion at the end of November. Over a year, this indicator increased by 14,1 per cent.

In November, the increase of M3 broad monetary aggregate due to transactions was driven by a LTL 535,9 million growth of deposits with an agreed maturity of up to 2 years, LTL 148,0 million increase of overnight deposits, LTL 48,5 million rise of repurchase transactions, and LTL 9,7 million growth of deposits redeemable at a notice period of up to 3 months. However, M3 went down due to transactions because of a decline in currency in circulation by LTL 36,3 million, and a drop-down of debt securities with a maturity of up to two years by LTL 9,5 million.

In November, net external assets of MFIs went down because of transactions by LTL 794,3 million, while domestic credit soared by LTL 1,6 billion. At the end of the month, net external assets were negative and amounted to LTL 3,1 billion. In November, net external assets of the Bank of Lithuania as a result of transactions decreased by LTL 135,6 million, while the net external assets of other MFIs went down by LTL 658,7 million. At the end of the month, the annual growth rate of domestic credit stood at 42,2 percent, as a result of transactions.

In November, the increase in domestic credit was driven by a LTL 1,4 billion rise of MFIs loans to other residents as a result of transactions. The annual growth rate of these loans was 44,2 per cent at the end of November. Loans of other MFIs to non-financial corporations expanded by LTL 907,4 million, and their annual growth rate was 36,1 per cent at the end of November.

Loans to households increased by LTL 616,6 million over the month as a result of transactions, and their annual growth rate stood at 60,6 per cent at the end of November. Over a month, housing loans augmented by LTL 448,2 million as a result of transactions and their annual growth rate reached 65,2 percent at the end of November. Over a month, consumer and other loans went up by LTL 43,8 million and LTL 124,6 million, respectively.

Over a month, central government deposits went up as a result of transactions by LTL 119,9 million, representing an annual increase of 61,5 per cent. Over a month, longer-term financial liabilities of MFIs increased by LTL 245,5 million as a result of transactions, and their annual growth rate accounted for 42,8 per cent at the end of November. In November, the growth of these liabilities was driven by a LTL 126,3 million rise in capital and reserves, LTL 103,2 million increase of debt securities with a maturity of over 2 years and a LTL 16,0 million increase of deposits with an agreed maturity of over 2 years.