- A decrease of 7.9 million lats or 0.3% in foreign assets as the amount of concluded currency swaps shrank. An increase in the balance of the Government and European Commission funds in the Bank of Latvia's foreign assets and rising income had an increasing effect on foreign assets.
- An increase of 4.6 million lats or 3.8% in foreign liabilities due to an increase in the European Commission funds in foreign currency with the Bank of Latvia. Changes in exchange rates and a decrease in the lats equivalent of financial derivatives had a decreasing effect on foreign liabilities.
- A decrease of 29.5 million lats or 33.6% in domestic assets following a 29.3 million lats fall in loans granted to credit institutions.
- A drop of 61.1 million lats or 3.7% in domestic liabilities as a result of a 52.7 million lats and 11.4 million lats decrease in the respective balances of the credit institution funds and Government funds with the Bank of Latvia, and a 3.8 million lats increase in other financial institution funds with the Bank of Latvia.
- On the liabilities side of the balance sheet, the amount of lats in circulation increased by 2.9 million lats or 0.3% mainly due to the above changes.
- An increase of 16.2 million lats in the capital and reserves as the revaluation account balance changed due to securities market value fluctuations and retained earnings of the reporting year grew.
Head of the Macroeconomic Analysis Division
Monetary Policy Department
Bank of Latvia