- A decrease of 3.5 million lats or 0.1% in foreign assets due to the decrease in the balance of the government and the European Commission funds in the Bank of Latvia's foreign assets and as a result of changes in the exchange rates of foreign currencies against the lats. The change in the lats equivalent of rising income, financial derivatives and securities, as well as a pickup in the price of gold effecting an appreciation of the gold reserves of the central bank had an increasing effect on foreign assets.
- A fall of 9.3 million lats or 7.3% in foreign liabilities resulting from a decrease in the European Commission funds in foreign currency with the Bank of Latvia and changes in the exchange rates of foreign currencies against the lats, as well as a decrease in the lats equivalent of financial derivatives.
- A decrease of 67.8 million lats or 1.8 times in domestic assets following a 67.6 million lats drop in loans granted to credit institutions.
- A drop of 39.6 million lats or 2.3% in domestic liabilities as a result of 43.5 million lats and 4.4 million lats decreases in the respective balances of the government and other financial institutions' funds with the Bank of Latvia, as well as an 8.5 million lats increase in the respective balance of credit institutions' funds with the Bank of Latvia.
- On the liabilities side of the balance sheet, the amount of lats in circulation decreased by 32.5 million lats or 3.2% mainly due to the above changes.
- An increase of 10.1 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