At the end of 2020, the sum of the balance sheets of credit institutions amounted to €850.948 billion, according to figures published by the Central Bank of Luxembourg (BCL). This is an increase of 4.4% compared to the end of December 2019.

On the other hand, compared to November 2020, the amount has decreased by 1.12%.

Over one year, between December 2019 and December 2020, loans to non-bank customers increased by €3.825 billion, or 3.9%.

Over the same period, loans to non-financial companies increased by €126 million  (or 0.4%). Lending to households for house purchase grew by €3.276 billion (or 9.9%) and lending to other financial intermediaries by €611 million (2.1%).

Deposits in the non-banking sector also increased by €7.65 billion (+3%). Household deposits rose by €2.667 billion (+6.5%).

This article was originally published on Paperjam.lu in French