OREANDA-NEWS. December 09, 2009. The Board of the Bank of Lithuania resolved to change statistical reporting of the balance sheet and interest rates of monetary financial institutions (MFIs) in line with new requirements of regulations of the European Central Bank ECB/2008/32 and ECB/2009/7. Therese regulations establish the necessity for the euro area MFIs to provide as from July 2010 new statistical data on the MFIs balance sheet and interest rates, starting with the results of June 2010, reported the press-centre of Bank of Lithuania.

By a resolution of the Board, new wordings of the general provisions for the statistical reporting of the MFIs balance sheet and interest rates and forms of statistical reporting MFI-01, MFI-02 and MFI-03 were approved, and the same data submission start as that for the euro area MFIs was determined.

The purpose of statistical reporting of the MFIs balance sheet and interest rates is to provide the Bank of Lithuania with a comprehensive high-quality statistical information on statistical reporting of the Lithuanian MFIs balance sheet and interest rates, necessary for the analysis of the balance sheet and interest rate development of Lithuania’s MFIs sector and for the implementation of tasks of the European System of Central Banks.

In Lithuania the MFIs sector is composed of the Bank of Lithuania, commercial and specialised banks, foreign bank branches, the Central Credit Union, credit unions, and monetary market funds. Statistical reporting data of the MFIs balance sheet, loan and deposit interest rates are collected and published by the Statistical Department of the Bank of Lithuania.