- A decrease of 168.4 million lats or 6.2% in foreign assets mostly on account of repaying funds to foreign financial institutions and due to a drop in the amount of the funds deposited by the Latvian government. An increase in the amount of funds deposited by the European Commission, income from debt securities and a change in the lats equivalent of financial instruments had an increasing effect on the foreign assets.
- A decrease in foreign liabilities by 83.0 million lats or 20.6%, mostly on account of repaying funds to foreign financial institutions. A rise in the amount of funds deposited by the European Commission had an increasing effect.
- A decrease of 44.5 million lats or 6.5% in domestic assets following a 44.0 million lats fall in loans granted to credit institutions.
- A drop of 77.0 million lats or 4.4% in domestic liabilities as a result of a 148.0 million lats decrease in the credit institutions' funds with the Bank of Latvia and a 75.8 million lats and 4.0 million lats increase in the respective balances of the government funds and other financial institutions' funds with the Bank of Latvia.
- On the liabilities side of the balance sheet, the amount of lats in circulation decreased by 68.4 million lats or 6.7% mainly due to the above changes.
- An increase of 15.4 million lats in the capital and reserves on account of the net interest income received in January and the result of the financial instrument revaluation.
Vilnis Purviņš
Deputy Head of Macroeconomic Analysis Section
Monetary Policy Department
Bank of Latvia