- A decrease of 41.5 million lats or 1.3% in foreign assets mostly on account of the repurchase of lats as a result of the foreign exchange swaps in the amount of 49.6 million lats. An increase of 19.5 million lats in the funds deposited by the Latvian Government had an increasing effect on the foreign assets.
- A decrease of 1.9 million lats or 10.4% in foreign liabilities mostly on account of a reduction in the funds deposited by the European Commission and a change in the lats equivalent of financial instruments.
- A rise of 2.6 million lats or 1.0% in domestic assets, following an 1.2 million lats increase in loans granted to credit institutions.
- A drop of 33.7 million lats or 1.4% in domestic liabilities as a result of 24.6 million lats and 9.0 million lats decreases 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 decreased by 3.1 million lats or 0.4% mainly due to the above changes.
- A decrease of 0.2 million lats or 0.1% in the capital and reserves mostly on account of the net interest income received in October and the result of the investment in financial instruments and the revaluation of securities and other financial instruments.
Vilnis Purvins
Deputy Head of Macroeconomic Analysis Division
Monetary Policy Department
Bank of Latvia