Publishing date: 12.07.2013
The principal changes in the Bank of Latvia's assets and liabilities on the 30 June 2013 balance sheet as compared to 31 May 2013 and the reasons for these changes.
- A decrease of 58 million lats or 1.4% in foreign assets mostly as a result of a reduction in the funds deposited in foreign currencies by the credit institutions, with the change in the funds deposited in foreign currencies by the Latvian government having an increasing effect on the foreign assets.
- An increase of 22.5 million lats or 89.2% in foreign liabilities, mostly on account of a change in the amount of funds deposited by the European Commission and a change in the lats equivalent of financial instruments.
- A fall of 82.3 million lats or 3% in domestic liabilities mostly due to decreases of 66.8 million lats or 10.1% and 15.5 million lats or 0.7% in the respective balances of the funds deposited by the Latvian government and credit institutions.
- The amount of lats in circulation increased by 6.5 million lats or 0.6%.
- A drop of 4.9 million lats or 1.5% 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