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

Publishing date: 10.08.2012

The principal changes in the Bank of Latvia's assets and liabilities on the 31 July 2012 balance sheet as compared to 30 June 2012 and the reasons for these changes.

• An increase of 280.0 million lats or 7.6% in foreign assets, mostly on account of a 105.3 million lats rise in the funds deposited in foreign currencies by credit institutions, purchases of foreign currency by the Bank of Latvia amounting to 65.0 million lats, and expansion of the funds deposited by the European Commission and the Latvian government.
• A rise of 67.4 million lats or 161.4% in foreign liabilities, mostly on account of an increase in the funds deposited by the European Commission and credit institutions and a change in the lats equivalent of financial instruments.
• Growth of 180.0 million lats or 8.2% in domestic liabilities mostly due to an increase in the funds deposited by the Latvian government and credit institutions.
• The amount of lats in circulation grew by 21.8 million lats or 1.9%.
• An increase of 11.1 million lats or 3.2% in capital and reserves, predominantly on account of the interest income received in July and the result of the revaluation of financial instruments.