- An increase of 2.5 million lats or 0.1% in foreign assets mostly on account of an expansion of funds deposited by the Latvian government in the amount of 22.3 million lats, interest income and a change in the lats equivalent of financial instruments. A fall of 27.5 million lats in domestic credit institutions' foreign currency deposits had a decreasing effect on foreign assets.
- An increase of 27.4 million lats or 62.1% in foreign liabilities mostly on account of a rise in the funds deposited by the European Commission in the amount of 17.7 million lats and a change in the lats equivalent of financial instruments.
- A decrease of 6.7 million lats or 3.7% in domestic assets, following a 4.7 million lats fall in loans granted to credit institutions.
- A drop of 79.6 million lats or 3.2% in domestic liabilities as a result of a 204.1 million lats decrease and a 127.8 million lats increase in the respective balances of the government funds and credit institutions' funds with the Bank of Latvia.
- On the liabilities side of the balance sheet, the amount of lats in circulation increased by 48.7 million lats or 6.6% mainly due to the above changes.
- An decrease of 0.6 million lats or 0.2% in the capital and reserves mostly on account of the net interest income received in December and the result of the investment in financial instruments as well as the revaluation of securities and other financial instruments.
Vilnis Purvins
Deputy Head of Macroeconomic Analysis Division
Monetary Policy Department
Bank of Latvia