Publishing date: 11.01.2013
The principal changes in the Bank of Latvia's assets and liabilities on the 31 December 2012 balance sheet as compared to 30 November 2012 and the reasons for these changes.
- An increase of 160.5 million lats or 4.1% in foreign assets mostly as a result of growth in the funds deposited in foreign currencies by the Latvian government.
- A rise of 9.6 million lats or 53.1% in foreign liabilities mostly on account of an expansion of the cash collateral received for securing financial transactions.
- An increase of 96.1 million lats or 4.1% in domestic liabilities mostly due to a rise of 128.0 million lats or 8.2% in the deposited credit institution funds, with the drop of 31.6 million lats or 4.0% in the Latvian government funds having a decreasing effect.
- The amount of lats in circulation increased by 55.1 million lats or 4.7%.
- A decrease of 0.3 million lats or 0.1% in the capital and reserves mostly on account of the result of the revaluation of foreign currencies and gold, while interest income received in December and the realised result gained from investment in financial instruments had an increasing effect.
J. Caune
Chief Accountant
Bank of Latvia