Published: 11.03.2015

On 10 March 2015, the Board of Latvijas Banka approved Latvijas Banka's financial statements for 2014; according to the above, Latvijas Banka's profit earned in 2014 was 36.8 million euro.

In accordance with the Law on Latvijas Banka, 65% or 23.9 million euro of Latvijas Banka's profit for 2014 will be appropriated to the state budget; the rest of the profit will be transferred to the reserve capital of Latvijas Banka.

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 2014 from the auditing company SIA Ernst & Young Baltic.

The financial statements of Latvijas Banka for 2014 and the auditors' report are available on the website of Latvijas Banka. In April, the Council of Latvijas Banka will pass a decision on the approval of the Annual Report of Latvijas Banka for 2014.