Lithuanian residents’ deposits with credit institutions down by 2.9% in January

The Bank of Lithuania has published the monetary financial institution (MFI) balance sheet and interest rate data for January 2023 which show that deposits of Lithuanian residents with credit institutions decreased by EUR 1.1 billion, or 2.9% over the month (their annual growth rate was 8.2%).

Deposits of Lithuanian households and non-financial corporations fell by EUR 647.3 million (3.0%) and EUR 611.9 million (5.6%) respectively (their annual growth rates stood at 3.1% and 10.0% respectively), the central bank said in a press release on Monday.