2012-04-11 10:03

Lithuania’s financial assets up 7 percent

Lithuania’s financial assets totaled 341.5 billion litas (EUR 98.98 b) at the end of 2011, up by 7 percent year-on-year, the central bank said on Tuesday.
Lietuvos banko būstinėje
Lithuania's bank / Juliaus Kalinsko / 15min nuotr.

The country’s liabilities increased by an annual 5 percent to 402.9 billion litas.

Shares accounted for 26 percent of the total assets at the end of 2011, loans for 25 percent, deposits for 20 percent, and debt securities for 9 percent. Loans and debt securities accounted for 34 percent of the total liabilities.

According to the central bank, other countries play an important role in the country’s economy, with debt security holdings by non-residents in the fourth quarter of 2011 accounting for 73 percent of all debt securities issued in Lithuania and 32 percent of all shares.

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