lv

12 April 2010, Riga

The Bank of Latvia has received auditor approved financial statements.

The auditors of the auditing firm Deloitte Audits Latvia SIA and the State Audit Office of the Republic of Latvia have given them a positive assessment: these financial statements give a true and fair view of the financial position of the Bank of Latvia as at 31 December 2009 and of its financial performance and its cash flows for last year, in accordance with the Law "On the Bank of Latvia" and the "Bank of Latvia's Financial Accounting Policy" approved by the Bank of Latvia Council. 

Bank of Latvia's profits in 2009 was 74.4 million lats. A substantial part of the Bank of Latvia’s income was net interest in the amount of 66 million lats: income primarily from investments of foreign currency reserves in secure and highly liquid financial instruments.

Bank of Latvia's financial statements for 2009 and the auditors' report are available at the Bank of Latvia web page www.bank.lv. The Bank of Latvia Council still has to approve the Annual report for 2009.

Bank of Latvia Press Service