Publishing date: 12.12.2013
The principal changes in the Bank of Latvia's assets and liabilities on the 30 November 2013 balance sheet as compared to 31 October 2013 and the reasons for these changes.
- A decrease of 91.1 million lats or 2.2% in foreign assets mostly as a result of a reduction in the funds deposited in foreign currencies by the Latvian government and credit institutions.
- A rise of 18.2 million lats or 69.8% 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.
- A drop of 57.7 million lats or 1.9% in domestic liabilities mainly due to a reduction of 131.4 million lats or 21.0% in the funds deposited by the Latvian government, while rises of 64.8 million lats or 2.8% and 9.5 million lats or 60.2% in the respective balances of funds deposited by credit institutions and other financial institutions had an increasing effect on domestic liabilities.
- The amount of lats in circulation shrank by 51.7 million lats or 5.8%.
- A decrease of 0.1 million lats in the capital and reserves predominantly on account of the bank's operating expenses, while net interest income received had an increasing effect.
J. Caune
Chief Accountant
Bank of Latvia