Publishing date: 10.01.2014

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.

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

  • A drop of 8.9 million lats or 0.2% in foreign assets mostly as a result of a decrease in the funds deposited in foreign currencies by the Latvian government and the European Commission, with a rise in the funds deposited in foreign currencies by credit institutions having an increasing effect on foreign assets.
  • A decline of 19.6 million lats or 44.2% 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 239.0 million lats or 8.2% in domestic liabilities mostly due to a rise of 506.7 million lats or 21.2% in the funds deposited by credit institutions. Declines of 253.7 million lats or 51.5% and 15.2 million lats or 60.3% in the respective balances of funds deposited by the Latvian government and other financial institutions had a decreasing effect on domestic liabilities.
  • The amount of lats in circulation shrank by 211.1 million lats or 25.1%.
  • A fall of 7.3 million lats in the capital and reserves mostly on account of the result of the revaluation of securities and operating expenses, while interest income received and the realised result gained from investment in financial instruments had an increasing effect.
J. Caune
Chief Accountant
Bank of Latvia