- An increase of 565.9 million lats or 22.1% in foreign assets, mostly on account of an expansion of funds deposited by the Latvian government as a result of the European Commission loan. A decrease in the amount of funds deposited by the European Commission and the Bank of Latvia interventions by selling foreign currency had a decreasing effect on foreign assets.
- A decrease of 33.1 million lats or 10.4% in foreign liabilities, mostly on account of a drop in the European Commission funds with the Bank of Latvia.
- A decrease of 3.8 million lats or 0.6% in domestic assets following a 2.5 million lats fall in loans granted to credit institutions.
- A rise of 616.4 million lats or 36.8% in domestic liabilities as a result of 158.0 million lats and 455.2 million lats increases in the respective balances of the credit institutions' funds and government funds with the Bank of Latvia.
- On the liabilities side of the balance sheet, the amount of lats in circulation shrank by 27.5 million lats or 2.9% mostly due to the above changes.
- An increase of 6.4 million lats in the capital and reserves on account of the net interest income received in February and the realised gains from investment in financial instruments. A decrease stemmed from changes in the result on revaluation of securities.
Vilnis Purviņš
Deputy Head of Macroeconomic Analysis Section
Monetary Policy Department
Bank of Latvia