Published: 10.03.2017

The principal changes in the assets and liabilities of Latvijas Banka on the 28 February 2017 balance sheet as compared to 31 January 2017 and the reasons for these changes.

In February 2017, loans granted as a result of the monetary operations of Latvijas Banka decreased by 12.5 million euro or 4.9%.

Following the decision of the Governing Council of the European Central Bank (ECB) of 22 January 2015 on an expanded asset purchase programme (APP) and the decision of the Governing Council of the ECB of 10 March 2016 on the supplementation of the expanded APP, the balance sheet item "Securities held for monetary policy purposes" grew by 237.1 million euro or 5.2% in February 2017, mostly on account of the purchase of securities.

In February 2017, deposits of credit institutions increased by 84.2 million euro or 2.2% as reflected in the balance sheet item "Liabilities to euro area credit institutions related to monetary policy operations denominated in euro".

Mainly as a result of cross-border payments received and made by credit institutions and Latvijas Banka, a decrease was recorded in liabilities to the ECB reported under the balance sheet item "Liabilities related to TARGET2 and national central bank correspondent accounts (net)", reflecting the settlement result in the TARGET2 settlement system.

J. Caune
Chief Accountant
Latvijas Banka