2013-01-11 10:59

Lithuania's financial assets rise 6 percent to 103 billion euros

Lithuania's financial assets totaled 354.6 billion litas (EUR 102.8b) at the end of last September, up by 6 percent year-on-year, the central bank says.
Pinigai
Pinigai / Tomo Urbelionio/BFL nuotr.

The country's liabilities increased by annual 5 percent, to 418.8 billion litas.

Loans accounted for 25 percent of the total assets in late September, shares for 24 percent, and deposits for 21 percent. Loans and debt securities made up the largest single portion of the total liabilities, at 35 percent.

The largest amount of financial assets, at 135.5 billion litas, was accumulated in the financial corporations sector. Non-financial corporations had the largest amount of liabilities, at 188.4 billion litas.

Non-residents play an important role in Lithuania's economy, with debt security holdings by foreigners in the third quarter of 2012 accounting for 78 percent of all debt securities issued in the country and 34 percent of all shares, the Bank of Lithuania has said in a press release.

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