Eesti Pank has been asked to comment on individual banks and their cross-border payment volumes in addition to publishing the total payment volumes for the Estonian banking industry. The central bank is responsible for compiling official statistics on the financial sector and is thereby bound by... more

  • The value of cross-border transactions made by customers of Estonian banks is not exceptionally high in international comparison.
  • The value of international payments initiated in Estonian banks in 2008-2015 was 3.1 times the GDP of Estonia, which is a similar ratio to those of... more

In a news article published today, Bloomberg erroneously said that 900 billion euros’ worth of non-residents’ payments passed through Estonia in 2008-2015. These 900 billion euros are actually the aggregate amount of cross-border payments received in Estonia and paid from Estonia. The sum... more

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