- An increase of 70.9 million lats or 2.5% in foreign assets as the Bank of Latvia purchased foreign currency and the amount of concluded currency swaps increased, as well as due to the increase in the balance of the government funds with the Bank of Latvia's foreign assets. A pickup in the price of gold effecting an appreciation of the gold reserves of the central bank also had an increasing effect on foreign assets.
- A rise of 3.3 million lats or 2.7% in foreign liabilities due to the increase in the European Commission funds in lats with the Bank of Latvia and the lats equivalent of financial derivatives. A decrease in the European Commission funds with the Bank of Latvia had a decreasing effect on foreign liabilities.
- A decrease of 17.1 million lats or 29.3% in domestic assets, following a 18.2 million lats fall in loans granted to credit institutions and a 1.3 million lats rise in the amount of fixed assets.
- A rise of 1.6 million lats or 0.1% in domestic liabilities as a result of a 76.3 million lats increase in the respective balance of the credit institution funds and 73.3 million lats and 2.9 million lats decreases in the respective balances of the government and other financial institution funds with the Bank of Latvia.
- On the liabilities side of the balance sheet, the amount of lats in circulation strongly seasonally increased by 49.6 million lats or 5.0% mainly due to the above changes.
- A decrease of 0.8 million lats in the capital and reserves as the revaluation account balance changed due to securities market value fluctuations.
Head of the Macroeconomic Analysis Division
Monetary Policy Department
Bank of Latvia