Notes to the Bank of Latvia Balance Sheet as at 31 March 2012

Publishing date: 12.04.2012

The principal changes in the Bank of Latvia's assets and liabilities on the 31 March 2012 balance sheet as compared to 29 February 2012 and the reasons for these changes.

• A decrease of 77.9 million lats or 2.0% in foreign assets mostly as a result of a reduction in the funds deposited in foreign currencies by the Latvian government.
• A fall of 2.3 million lats or 8.7% in foreign liabilities mostly on account of a decrease in the funds deposited by the European Commission.
• A drop of 85.7 million lats or 3.5% in domestic liabilities mostly due to decreases of 136.2 million lats or 11% and 3.6 million lats or 14.3% in the respective balances of Latvian government deposits and other financial institution deposits, with the rise of 32.6 million lats or 2.8% in credit institution deposits having an increasing effect.
• The amount of lats in circulation increased by 6.1 million lats or 0.5%.
• An increase of 4 million lats or 1.1% in the capital and reserves mostly on account of the interest income received.