The aggregated balance sheet of Luxembourg banks reached €777.416 million as of 30 June 2018, representing an increase of 2.3% on 31 May 2018, the Luxembourg Central Bank announced on 28 August 2018.
Net interbank lending, that is to say the difference between interbank loans and deposits, reached a new peak at €145,533 million at the end of June 2018.
Loans to resident non-bank customers decreased by €1,249 million or 1.4% between May 2018 and June 2018, and between June 2017 and June 2018, these loans increased by €9,104 million (11.3%).
The progression of loans to resident non-bank customers was largely attributable to three main components. Indeed, between June 2017 and June 2018, loans to non-financial corporations (NFCs) rose by €2,116 million (9.0%), loans for house purchases by €2,242 million (8.3%) and loans to other financial intermediaries (OFIs) by €5,275 million (23.3%).
With regard to the liability side, deposits from the resident non-bank sector increased by €5,040 million (2.1%) between 31 May 2018 and 30 June 2018. On an annual basis, these deposits increased by €8,694 million, or 3.7%.
Between June 2017 and June 2018, the increase in deposits from the resident non-banking sector was largely attributable to its main component, that is to say deposits from the OFI sector, which had a share of 70.9% as of 30 June 2018 and comprised deposits made by monetary and non-monetary investment funds. Indeed, over the last twelve months, resident OFI deposits increased by €5,542 million, or 3.3%. With regard to other sectors, resident household deposits increased by €2,678 million (7.7%), while resident NFC deposits decreased by 51 million euros (-0.3%).