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

Publishing date: 12.09.2012

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

• An increase of 149.8 million lats or 3.8% in foreign assets, mostly on account of growth in the funds deposited in foreign currencies by credit institutions and purchases of foreign currency by the Bank of Latvia.
• A fall of 75.1 million lats or 68.8% in foreign liabilities, mostly on account of a decrease in the funds deposited by the European Commission and foreign banks.
• Growth of 210.8 million lats or 8.9% in domestic liabilities, mostly due to increases in the funds deposited by credit institutions and the Latvian government.
• The amount of lats in circulation grew by 9.6 million lats or 0.8%.
• An increase of 4.4 million lats or 1.3% in capital and reserves, predominantly on account of the interest income received in August and the result of the revaluation of financial instruments.