Jana Kask Economist at Eesti Pank

The average interest rate for housing loans granted in May was up on the previous month at 2.6%, as was that for long-term corporate loans at 2.9%. There has been a slight upward trend in interest margins in 2019, which can partly be... more

Raido Kraavik Economist at Eesti Pank

Borrowing by households slowed at the start of the year, but it bounced back in April as households were active in taking housing loans and car leases. The corporate loan portfolio has gradually increased in volume and the average... more

Mari Tamm economist at Eesti Pank

The stock of housing loans grew quite fast in March, but the number of new loan contracts signed has been smaller recently than it was a year ago. Corporate loans increased mainly because of energy companies, while demand for credit remained... more

Jana Kask Economist at Eesti Pank

Growth in housing loans continued at its earlier rate in February, but there was slightly reduced take-up of consumption loans and car leases. Deposits continue to grow fast though. Businesses have borrowed less in recent months than earlier... more

Working Papers of Eesti Pank 1/2019 I extend a standard two-period OLG model to investigate the interplay between the risks of a binding zero lower bound and asset price bubbles in a low interest rates environment. The nature of the bubble is crucial when the risk-free real interest... 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

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

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
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
Mari Tamm Economist at Eesti Pank
  • Companies took out 11% more in long-term loans in January than a year earlier
  • Demand from households for loans remains strong
  • The growth in car leases to households is boosted further by the effect of tax changes... more
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