The Financial Stability Review is the main output of the financial stability analysis conducted by Eesti Pank. The review includes also the central bank’s assessment to Estonian financial stability and covers related policy measures. The Financial Stability Review is published twice a year. 

The latest financial stability review from Eesti Pank indicates that risks to the financial sector are small. The probability has increased though of the cooling economy making it harder for businesses to make their loan payments.

Governor of Eesti Pank Madis Müller said that the risks... more

Raido Kraavik Economist at Eesti Pank

Borrowing has become a little more expensive for companies and for house buyers. The average interest rate on corporate loans was 3.5% in September, which is the highest of recent years. The average interest rate on housing loans was 2.6... more


The aim of the other systemically important institutions buffer is to increase the resilience of systemically important market participants. Their importance may stem from their size, their complexity or their interdependence with other participants in the financial system.

In 2018 Eesti... more

Jana Kask Economist at Eesti Pank

The financial account statistics published by Eesti Pank today show that the growth in the debt of Estonian companies has accelerated a little this year. Companies invested more in the first half of 2019 than they did in previous years, and... more


The countercyclical capital buffer is intended to protect the banking sector against losses that could be caused by cyclical systemic risks. Countercyclical capital buffer requirement requires banks to add capital at times when credit is growing rapidly so that the buffer can be reduced when the... more

Raido Kraavik Economist at Eesti Pank

Despite interest rates remaining low, the bank deposits of households and companies are growing more and more. The deposits of households totalled 7.9 billion euros in August, which was 10% more than a year before, while those of... more


Banks that have adopted the Internal Ratings Based (IRB) approach must use a risk weight of at least 15% for retail exposures secured by real estate to residents of Estonia when calculating risk-weighted assets. The floor is set for the average of the portfolio of retail exposures secured by... more


The macroprudential tools available to Eesti Pank can be divided into three groups:

1) Moral suasion measures, with which Eesti Pank can draw the attention of market participants to vulnerabilities in the financial system and so influence their decisions indirectly. This can include... more


From 30 September, Swedbank and SEB Pank will have to apply an average risk weight of at least 15% in calculating the risk weighted exposure for mortgage loans issued in Estonia. Eesti Pank is applying the requirement in order to make sure that banks have sufficient capital to cover the risks... more

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