Lending Review. December 2011

CONTENTS

SUMMARY

LOAN GROWTH IN THE EURO AREA, FINLAND AND SWEDEN

FINANCING OF COMPANIES IN ESTONIA

The impact of the economic environment on financing
Internal cash flows
External financing
Domestic borrowing

FINANCING OF HOUSEHOLDS IN ESTONIA

The economic situation of households
The financial behaviour of households
Factors affecting the loan volumes of companies and households during the recession

FACTORS AFFECTING THE LOAN SUPPLY OF BANKS

The capitalisation and financing of banks
Other factors affecting loan supply