Publishing date: 12.11.2013
The principal changes in the Bank of Latvia's assets and liabilities on the 31 October 2013 balance sheet as compared to 30 September 2013 and the reasons for these changes.
- An increase of 99.5 million lats or 2.4% in foreign assets mostly as a result of growth in the funds deposited in foreign currencies by the Latvian government and credit institutions.
- A fall of 8.5 million lats or 24.6% in foreign liabilities mostly on account of a decrease in the funds deposited by the European Commission and the cash collateral received for securing financial transactions.
- An increase of 179.3 million lats or 6.4% in domestic liabilities mostly due to a rise of 168.6 million lats or 7.8% in the funds deposited by credit institutions.
- The amount of lats in circulation shrank by 77.5 million lats or 8.0%.
- An increase of 5.9 million lats or 1.8% in capital and reserves predominantly on account of the result of the revaluation of securities and interest income received.
J. Caune
Chief Accountant
Bank of Latvia