Taavi Raudsaar Economist at Eesti Pank

The growth in demand from households for loans continued as the economic environment was favourable and interest rates low. The value of car leases signed in May was 22% more than a year earlier, and the value of consumer loans taken was... more

Kirstin Saluveer Economist at Eesti Pank
  • The growth in the volume of car leases accelerated even further in April
  • Real estate companies borrowed a little more modestly than in previous months
  • Bank deposits continued to grow strongly in April and were... more
The Eesti Pank Financial Stability Review is published twice a year. Each issue of the Review refers to the time the analysis was completed, not to the period it covered. The Review uses the latest available data at the time of preparation of each issue.

The systemic risk buffer is intended to increase the resilience of the financial sector to non-cyclical risks that could have a serious negative impact on the national financial system or the real economy.

From 1 August 2016 all banks and banking groups are required to hold a systemic... more


The Estonian financial system is closely related to those of the Nordic and Baltic countries and so work with them is highly important. The Nordic-Baltic partnership in financial stability focuses on two areas.

  • Multilateral cooperation between Nordic and Baltic central banks,... more
Mari Tamm Economist at Eesti Pank

• Real estate companies have borrowed more in recent months
• The rapid growth in housing and consumption loans to households continued
• The net profit of the banks was 13% smaller in the first quarter than a year ago

... more

Taavi Raudsaar Economist at Eesti Pank
  • Corporate debt liabilities shrank as investment in fixed assets is low and companies can finance investments from their own funds
  • Domestic borrowing by Estonian companies increased while their borrowing from abroad... more
  • The risks to financial stability in Estonia are small. Risks are being kept down above all by the improved financial position of companies and households, and by the high capitalisation of the banks
  • The biggest danger to Estonian financial stability comes from the risks in the... more
  • The Estonian banking sector as a whole is stable and strong
  • Deposits at Versobank account for 1.5% of all the deposits in banks operating in Estonia
  • Versobank had 253 million euros of deposits, 87% of them held by non-residents

The closure of Versobank after... more

Mari Tamm Economist at Eesti Pank
  • Estonian companies were active in borrowing from banks and leasing companies operating in Estonia
  • The share of loans overdue for more than 60 days in the loan portfolio was below 1%
  • Bank deposits continued to grow... more
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