- A decrease of 5.4 million lats or 0.2% in foreign assets as a result of a reduction in the balance of government funds in the central bank's foreign assets and as an effect of the changes in foreign currency exchange rates against the lats. Income growth, changes in the lats equivalent of financial derivatives, an increase in the European Commission funds in central bank's foreign assets, and rising gold prices contributing to a higher value of the central bank's gold reserves all had an increasing effect on foreign assets.
- A rise of 5.1 million lats or 4.1% in foreign liabilities due to an increase in the European Commission funds in foreign currency with the Bank of Latvia and a decrease in the lats equivalent of financial derivatives.
- An increase of 74.9 million lats or 1.9 times in domestic assets, following a 75.0 million lats expansion in loans granted to credit institutions.
- An increase of 84.0 million lats or 5.2% in domestic liabilities, following a 72.4 million lats and 11.5 million lats increases in the respective balances of credit institution funds and government funds with the Bank of Latvia.
- On the liabilities side of the balance sheet, the amount of lats in circulation decreased by 28.1 million lats or 2.7% mainly due to above changes.
- An increase of 8.4 million lats in the capital and reserves as the revaluation account balance changed due to the fluctuations of the securities market value and exchange rates, as well as a rise in retained earnings of the reporting year.
Head of the Macroeconomic Analysis Division,
Monetary Policy Department,
Bank of Latvia