Publishing date: 12.12.2012

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

  • An increase of 106.5 million lats or 2.8% 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 drop in the funds deposited in foreign currencies by the Latvian government had a decreasing effect on the foreign assets.
  • A fall of 8.6 million lats or 32.3% in foreign liabilities mostly on account of a change in the lats equivalent of financial instruments.
  • A rise of 102.7 million lats or 4.5% in domestic liabilities mostly due to increases of 98.3 million lats or 6.7% and 26.0 million lats or 3.4% in the respective balances of credit institution and Latvian government deposits, with the change in the funds deposited by other financial institutions in the amount of 21.1 million lats or 64.9% having a decreasing effect.
  • The amount of lats in circulation expanded by 11.3 million lats or 1.0%.
  • An increase of 0.9 million lats or 0.3% in the capital and reserves mostly on account of the interest income received in November, while the result gained from investment in financial instruments had a decreasing effect.

 

J. Caune
Chief Accountant
Bank of Latvia