Publishing date: 12.03.2013
The principal changes in the Bank of Latvia's assets and liabilities on the 28 February 2013 balance sheet as compared to 31 January 2013 and the reasons for these changes.
- An increase of 121.1 million lats or 3.1% in foreign assets mostly as a result of growth in the funds deposited in foreign currencies by credit institutions.
- An increase of 6.9 million lats or 13.4% in foreign liabilities mainly as a result of a change in the lats equivalent of financial instruments, while a drop in the amount of the funds deposited by the European Commission and the received cash collateral had a decreasing effect.
- An increase of 129.8 million lats or 5.4% in domestic liabilities mostly due to a rise of 216.2 million lats or 12.3% in credit institution deposits, with the fall of 96.6 million lats or 15.5% in the funds deposited by the Latvian government having a decreasing effect.
- The amount of lats in circulation declined by 21 million lats or 1.8%.
- An increase of 5.6 million lats or 1.6% in capital and reserves predominantly on account of the result of the revaluation of securities and interest income received.
J. Caune
Chief Accountant
Bank of Latvia