Notes to the Bank of Latvia Balance Sheet as at 30 September 2012

Publishing date: 12.10.2012

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

• A decrease of 296.7 million lats or 7.2% in foreign assets mostly as a result of an outflow of the funds deposited in foreign currencies by the Latvian government that is broadly related to the repayment of the International Monetary Fund loan.
• A fall of 9.2 million lats or 27.1% in foreign liabilities mostly on account of a decline in the funds deposited by the European Commission.
• A drop of 295.2 million lats or 11.4% in domestic liabilities mainly due to a reduction in the funds deposited by the Latvian government.
• The amount of lats in circulation increased by 5.9 million lats or 0.5%.
• An rise of 1.9 million lats or 0.5% in the capital and reserves mostly on account of the interest income earned in September.