LV: Bank of Latvia assets down by 3.1% m/m in January.

By bne IntelliNews February 13, 2013
Bank of Latvia assets declined by 3.1% m/m to LVL 4.0bn (EUR 5.6bn) in January, down by LVL 128.2mn m/m, the bank announced. Foreign assets declined by 3.2% m/m or LVL 127.8mn m/m to LVL 3.9bn, due to the central government reducing its deposits with the bank in foreign currency. Foreign liabilities increased by LVL 23.9mn m/m, or by 86.4% m/m to LVL 51.6mn, mostly due to growth of European Commissions deposits. Amount of LVL in circulation declined by 7% m/m or by LVL 86.8mn to LVL 1.1bn. Bank of Latvia capital reserves declined by LVL 5.3mn m/m, or by 1.5% m/m to LVL 357mn as of end-January.

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