Publishing date: 12.06.2012
The principal changes in the Bank of Latvia's assets and liabilities on the 31 May 2012 balance sheet as compared to 30 April 2012 and the reasons for these changes.
- An increase of 108.9 million lats or 2.9% in foreign assets, mostly on account of growth in the funds deposited in foreign currencies by credit institutions and a change in the lats equivalent of financial instruments.
- A rise of 47.5 million lats or 139.5% in foreign liabilities, mostly on account of a change in the lats equivalent of financial instruments. A reduction in the amount of funds deposited by the European Commission had a decreasing effect.
- An increase of 88.7 million lats or 4% in domestic liabilities, mostly due to rises of 58.1 million lats or 5.4% and 43.6 million lats or 195.3% in the respective balances of funds deposited by the Latvian government and those deposited by other financial institutions as a result of reclassification, with the drop of 13.6 million lats or 1.2% in credit institution deposits having a decreasing effect.
- The amount of lats in circulation decreased by 29.6 million lats or 2.6%.
- A rise of 2.3 million lats or 0.7% in capital and reserves, predominantly on account of interest income received in May and the realised result of the financial instruments.
J. Caune
Chief Accountant
Bank of Latvia