Notes to the Bank of Latvia Balance Sheet as at 30 September 2013

Publishing date: 11.10.2013

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

• An increase of 42.5 million lats or 1.0% in foreign assets mostly on account of growth in the funds deposited in foreign currencies by the Latvian government.
• A rise of 10.7 million lats or 45.0% in foreign liabilities mostly on account of an expansion of the funds deposited by the European Commission and the cash collateral received for securing financial transactions, with a change in the lats equivalent of financial instruments having a decreasing effect.
• An increase of 75.8 million lats or 2.8% in domestic liabilities mostly due to a rise of 72.8 million lats or 3.5% in the funds deposited by credit institutions.
• The amount of lats in circulation shrank by 51.6 million lats or 5.0%.
• An increase of 7.4 million lats or 2.3% in capital and reserves predominantly on account of the result of the revaluation of securities and interest income received.