The principal changes in the Bank of Latvia's assets and liabilities on the 31 August 2011 balance sheet as compared to 31 July 2011 and the reasons for these changes.
- An increase of 206.9 million lats or 5.4% in foreign assets mostly on account of growth in the funds deposited in foreign currencies by the Latvian government.
- A decrease of 7.6 million lats or 14.9% in foreign liabilities mostly on account of a reduction in the funds deposited by the European Commission and foreign banks.
- A rise of 195.6 million lats or 7.8% in domestic liabilities mostly due to increases of 17.6 million lats or 1.4% and 177.8 million lats or 14.7% in the respective balances of credit institution funds and Latvian government funds.
- The amount of lats in circulation has expanded by 2.8 million lats or 0.3%.
- An increase of 16.2 million lats or 5.6% in capital and reserves predominantly on account of interest income received and the result of the revaluation of foreign currencies.
J. Caune
Chief Accountant
Bank of Latvia