Kirstin Saluveer Economist at Eesti Pank

New housing loans were added at a slightly slower rate in the past few months, but in October the take-up of housing loans picked up again. The average interest rate for housing loans remained at 2.5% in October, which is the same rate... more


The financial position of the Estonian banking sector is strong. The level of own funds of the banks is high, the quality of the loan portfolio of the banks is very good, and loan losses are small.

The biggest risk to banking in Estonia continues to come from the Nordic countries. The... more

Mari Tamm Economist at Eesti Pank

Less has been taken out in recent months in housing loans than previously, while the growth in car leases remains fast. The growth in corporate loans and leases taken from banks operating in Estonia was at the same rate as in previous months... more

Taavi Raudsaar Economist at Eesti Pank
  • Companies took loans from banks and from elsewhere
  • Growth in corporate debt could be a sign of increasing investment
  • Households are borrowing enthusiastically, especially from banks
  • The risks from the... more
Mari Tamm Economist at Eesti Pank

Demand remains strong for loans. One fifth more car loans were taken out in August than a year earlier. The same number of new housing loans was taken as a year ago, though a little fewer than in the preceding months. The average interest... more


  • conducts macro-prudential policy by analysing the functioning of the financial sector, assessing systemic risks to financial stability and developing measures to mitigate the risks;
  • analyses corporate and household financing and bank lending... more
Mari Tamm Economist at Eesti Pank
  • Demand remained strong for both housing loans and consumption loans
  • Businesses increased their short-term borrowing in July
  • The average interest rate on new housing loans continued to rise and climbed a little above 2... more

Failures in the financial system may occur unexpectedly and rapidly pass on to other markets and market participants. Financial crises can have great costs for society and so it is important that authorities prepare well for such eventualities.

Crisis management in Eesti Pank is based on... more

Taavi Raudsaar Economist at Eesti Pank
  • Borrowing by households remained large in June
  • The average interest rate for new housing loans has risen slowly
  • Household and corporate deposits continued to grow strongly

Households continued to... more

Jana Kask Economist at Eesti Pank
  • Annual growth in corporate debt increased to 3.2%
  • Household savings continue to grow faster than their loans
  • Private sector debt growth accelerated, but remained slower than nominal GDP growth

The growth... more

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