Publishing date: 12.02.2013
The principal changes in the Bank of Latvia's assets and liabilities on the 31 January 2013 balance sheet as compared to 31 December 2012 and the reasons for these changes.
- A decrease of 127.8 million lats or 3.2% in foreign assets mostly as a result of a reduction in the funds deposited in foreign currencies by the Latvian government, with a rise in the funds deposited in foreign currencies by credit institutions having an increasing effect on foreign assets.
- An increase of 23.9 million lats or 86.4% in foreign liabilities mostly on account of a rise in the funds deposited by the European Commission.
- A drop of 60 million lats or 2.4% in domestic liabilities due to a reduction of 135.8 million lats or 17.8% in the funds deposited by the Latvian government, with an increase of 74.5 million lats or 4.4% in credit institution deposits having an increasing effect.
- The amount of lats in circulation decreased by 86.8 million lats or 7%.
- A fall of 5.3 million lats or 1.5% in the capital and reserves mostly on account of the result of the revaluation of securities, while interest income received and the realised result gained from investment in financial instruments had an increasing effect.
J. Caune
Chief Accountant
Bank of Latvia