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

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

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