Publishing date: 12.11.2012
The principal changes in the Bank of Latvia's assets and liabilities on the 31 October 2012 balance sheet as compared to 30 September 2012 and the reasons for these changes.
- A decrease of 31.8 million lats or 0.8% in foreign assets mostly as a result of a reduction in the funds deposited in foreign currencies by the Latvian government, while a rise in the funds deposited in foreign currencies by credit institutions and foreign currency purchases by the Bank of Latvia had an increasing effect.
- An increase of 1.9 million lats or 7.6% in foreign liabilities mostly on account of a rise in the funds deposited by the European Commission, with a change in the lats equivalent of financial instruments having a decreasing effect.
- A drop of 30.7 million lats or 1.3% in domestic liabilities mostly due to decreases of 107.2 million lats or 12.3% and 39.9 million lats or 55.1% in the respective balances of Latvian government deposits and other financial institution deposits, with a rise of 116.3 million lats or 8.6% in credit institution deposits having an increasing effect.
- The amount of lats in circulation decreased by 5.8 million lats or 0.5%.
- An increase of 3.4 million lats or 1.0% in the capital and reserves mostly on account of the interest income received in October and the result of the investment in financial instruments.
J. Caune
Chief Accountant
Bank of Latvia