Bank of Latvia’s assets soar

Jan 17, 2007
From wire reports

RIGA - The Bank of Latvia’s assets grew 54.7 percent or 914.98 million lats last year, reaching 2.59 billion lats (3.68 billion euros) at the end of December, according to the balance sheet of the Latvian central bank.In December last year, the bank’s assets increased by 0.2 percent or 5.38 million lats. Vilnis Purvins, head of the monetary policy section under the Macroeconomic Analysis Department of the Bank of Latvia, said that the central bank’s foreign assets in December 2006 were up ...

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