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.

Related Articles

EE: Estonian Air records EUR 49.2mn loss in 2012.

Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more

LT: Malsena acquires Latvian flour manufacturer Rigas Dzirnavieks.

Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more

EE: Estonian Air to return excess Embraer airplanes.

Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335