Publishing date: 12.08.2013

The principal changes in the Bank of Latvia's assets and liabilities on the 31 July 2013 balance sheet as compared to 30 June 2013 and the reasons for these changes.

  • A decrease of 52.1 million lats or 1.3% in foreign assets mostly as a result of a reduction in the funds deposited in foreign currencies by credit institutions and the Latvian government.
  • A fall of 11.7 million lats or 24.4% in foreign liabilities, mostly on account of a drop in the amount of funds deposited by the European Commission and a change in the lats equivalent of financial instruments, while higher foreign bank deposits in lats had an increasing effect.
  • A drop of 7.8 million lats or 0.3% in domestic liabilities, largely due to a reduction of 9.3 million lats or 1.6 % in the funds deposited by the Latvian government.
  • The amount of lats in circulation shrank by 32.5 million lats or 3%.
  • A decrease of 0.4 million lats or 0.1% in the capital and reserves, predominantly on account of the result of investment in financial instruments. Conversely, interest income received had an increasing effect.

J. Caune
Chief Accountant
Bank of Latvia