The Bank of Lithuania released monetary financial institution (MFI) balance sheet and interest rate statistics for November 2024, showing a monthly increase in Lithuanian resident deposits with credit institutions and continued expansion in lending to residents. The update also points to a fall in interest rates on new household borrowing and on new household term deposits. Deposits of Lithuanian residents rose by EUR 1,158.8 million (2.8%) over the month, with annual growth of 9.9%. Household deposits increased by EUR 175.2 million to EUR 24.4 billion (11.7% annual growth) and non-financial corporation deposits rose by EUR 295.3 million to EUR 10.9 billion (0.8% annual growth); general government and financial sector deposits grew to EUR 5.6 billion and EUR 1.4 billion, respectively. Loans granted by credit institutions to Lithuanian residents increased by EUR 351.0 million (1.2%) with 10.9% annual growth, including EUR 106.8 million to households (EUR 15.7 billion outstanding; 8.8% annual growth) and EUR 135.1 million to non-financial corporations (EUR 11.9 billion; 12.4% annual growth). For households, house purchase loans rose by EUR 104.4 million to EUR 13.1 billion, consumption loans by EUR 11.4 million to EUR 1.3 billion, and other-purpose loans fell by EUR 9.0 million to EUR 1.3 billion. On rates, the weighted interest rate on new household loans fell 0.30 percentage points to 5.74%, with house purchase at 4.55% and consumption at 9.21%, while other-purpose loans increased to 8.07%. The interest rate on new household deposits with agreed maturity decreased 0.11 percentage points to 2.81%, with mixed movements across maturity buckets.

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