OREANDA-NEWS. April 20, 2010. Statistics Department of the Bank of Lithuania released today data on quarterly financial accounts of Lithuania in the fourth quarter 2009, reported the press-centre of Bank of Lithuania.    

The pace at which the country’s financial assets and liabilities kept declining in several resent quarters slowed down significantly in the fourth quarter of 2009. Financial liabilities decreased year on year by 3 per cent, whereas financial assets declined only by 2 per cent, the smallest decrease in recent quarters.

At the end of the 2009, Lithuania’s financial assets totalled to LTL 308.2 billion. Its annual growth rate was negative (-2%), whereas at the end of 2008, the annual increase made up 5 per cent.

Please note that the data of the insurance corporations and pension funds sector (S.125) have been revised as a result of methodological changes. Considering ECB recommendations, insurance technical reserves (AF.611 and AF.62) were calculated at gross value, i. e. they include the amount transferred to reinsurers.