Publishing date: 12.06.2013
The principal changes in the Bank of Latvia's assets and liabilities on the 31 May 2013 balance sheet as compared to 30 April 2013 and the reasons for these changes.
- An increase of 87.4 million lats or 2.1% in foreign assets mostly as a result of growth in the funds deposited in foreign currencies by credit institutions.
- A fall of 14.8 million lats or 36.9% in foreign liabilities mostly on account of decreases in the funds deposited by the European Commission and the cash collateral received for securing financial transactions.
- A rise of 125 million lats or 4.7% in domestic liabilities mostly due to increases of 71.6 million lats or 3.6% and 57 million lats or 9.5% in the respective balances of the funds deposited by credit institutions and the Latvian government.
- The amount of lats in circulation decreased by 16.4 million lats or 1.5%.
- A drop of 6.6 million lats or 1.9% in the capital and reserves predominantly on account of the result of the revaluation of securities, while the realised result gained from investment in financial instruments and interest income received had an increasing effect.
J. Caune
Chief Accountant
Bank of Latvia