Publishing date: 12.09.2013

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

  • An increase of 0.7 million lats or 0.02% in foreign assets mostly on account of a rise in the funds deposited in foreign currencies by the Latvian government, while a reduction in the funds deposited by commercial banks and the cash collateral received for securing financial transactions had a decreasing effect.
  • A fall of 12.3 million lats or 34.0% in foreign liabilities mostly on account of a decline in the funds deposited in lats by foreign banks and the cash collateral received for securing financial transactions, with a change in the lats equivalent of financial instruments having an increasing effect.
  • A rise of 50.6 million lats or 1.9% in domestic liabilities mostly due to increases of 35.2 million lats or 6.1% and 26.6 million lats or 1.3% in the respective balances of the funds deposited by the Latvian government and credit institutions, with a decline of 10.6 million lats or 51.0% in the funds deposited by other financial institutions having a decreasing effect.
  • The amount of lats in circulation shrank by 31.8 million lats or 3.0%.
  • A drop of 6.0 million lats or 1.8% in the capital and reserves predominantly on account of a change in the valuation of securities. Conversely, interest income received had an increasing effect.

G. Gersons
Acting Chief Accountant
Bank of Latvia