The principal changes in the Bank of Latvia's assets and liabilities on the 31 August 2010 balance sheet as compared to 31 July 2010 and the reasons for these changes.
- An increase of 156.9 million lats or 4.0% in foreign assets, mostly on account of the fourth instalment of the IMF loan received by the Latvian government, as well as the EU funding received.
- A pickup of 8.3 million lats or 39.2% in foreign liabilities mainly as a result of a change in the lats equivalent of financial instruments, while the change in the amount of funds deposited by the European Commission had a decreasing effect.
- A rise of 127.6 million lats or 4.5% in domestic liabilities mostly due to increases of 92.8 million lats or 6.3% and 25.3 million lats or 1.9% in the respective balances of credit institution funds and government funds.
- The amount of lats in circulation expanded by 8.0 million lats or 0.9%.
- An increase of 12.9 million lats or 4.5% in the capital and reserves predominantly on account of the result of the revaluation of securities and other financial instruments. Conversely, the result gained from investment in financial instruments had a decreasing effect.
J. Caune
Chief Accountant
Bank of Latvia