Publishing date: 12.04.2013
The principal changes in the Bank of Latvia's assets and liabilities on the 31 March 2013 balance sheet as compared to 28 February 2013 and the reasons for these changes.
- An increase of 36.3 million lats or 0.9% in foreign assets mostly as a result of growth in the funds deposited in foreign currencies by the Latvian government.
- A decrease of 27.1 million lats or 46.4% in foreign liabilities mostly on account of a change in the lats equivalent of financial instruments and a reduction in the funds deposited by the European Commission and foreign credit institutions.
- A rise of 57.3 million lats or 2.3% in domestic liabilities mostly due to increases of 77.7 million lats or 14.7% and 22 million lats in the respective balances of Latvian government funds and unsettled liabilities. Declines of 30.4 million lats or 1.5% and 11.6 million lats or 53.2% in the respective balances of funds deposited by credit institutions and other financial institutions had a decreasing effect on domestic liabilities.
- The amount of lats in circulation increased by 8.5 million lats or 0.8%.
- A decrease of 2.5 million lats or 0.7% in the capital and reserves was mostly on account of the result of the investment in financial instruments, while interest income received had an increasing effect.
J. Caune
Chief Accountant
Bank of Latvia