- A decrease of 28.7 million lats or 1.0% in foreign assets as the balances of the Government and European Commission funds in the Bank of Latvia's foreign assets and the concluded currency swaps shrank. Income growth, a change in the lats equivalent of financial derivatives and securities as well as a rise in the gold price had an increasing effect on foreign assets.
- A decrease of 12.8 million lats or 10.7% in foreign liabilities, mostly on account of a drop in the European Commission funds with the Bank of Latvia.
- A decrease of 24.8 million lats or 41.9% in domestic assets following a 25.0 million lats fall in loans granted to credit institutions.
- A drop of 63.4 million lats or 3.7% in domestic liabilities as a result of a 40.4 million lats, 11.6 million lats and 10.2 million lats decreases in the government funds with the Bank of Latvia, in the respective balances of the credit institutions' 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 increased by 10.7 million lats or 1.1% mainly due to the above changes.
- An increase of 12.1 million lats in the capital and reserves as the retained earnings of the reporting year grew and the revaluation account balance changed.
Head of the Macroeconomic Analysis Division
Monetary Policy Department
Bank of Latvia