Published: 19.03.2018

The Board of Latvijas Banka has approved Latvijas Banka's financial statements for 2017; according to the above, Latvijas Banka's profit earned in 2017 was 23.9 million euro.

Pursuant to the Law on Latvijas Banka, Latvijas Banka's annual financial statements are audited by independent external auditors recommended by the Governing Council of the European Central Bank and approved by the Council of the European Union. Latvijas Banka has received a positive auditors' opinion on its financial statements for 2017 from the auditing company "KPMG Baltics SIA".

Pursuant to the Law on Latvijas Banka, 65% or 15.5 million euro of Latvijas Banka's profit for 2017 will be appropriated to the central government budget; the rest of the profit will be transferred to the reserve capital of Latvijas Banka.

Over the past five years, the aggregate profit of Latvijas Banka reached 161.5 million euro, including its contribution to the central government budget totalling 104.9 million euro.