In Q1, Lithuania's financial assets grow 7 pct

At the end of the first quarter of 2012, the annual growth rate of Lithuania's financial assets (7 percent) exceeded that of liabilities (6 percent). In the same quarter of 2011, the said growth rates accounted for 3 and 1 percent, respectively, the Bank of Lithuania said.

In Q1, net acquisition of financial assets was positive in all sectors except for financial corporations. Net incurrence of liabilities of all sectors but financial corporations was positive as well.
At the end of the first quarter, financial corporations managed the largest amount of financial assets, whereas non-financial corporations amounted the largest sum of liabilities, informed ELTA/LETA.