26.05.2020
Raido Kraavik Economist at Eesti Pank

Restrictions introduced because of the coronavirus mean a broad economic downturn is expected this year, and so many companies and households will face difficulties in repaying their loans. To avoid payments becoming overdue, the banks... more

24.04.2020
Raido Kraavik Economist at Eesti Pank

The sharp deterioration in the economic environment caused by the emergency situation has affected the market for car leases very fast. Reduced demand for car leases was one of the first signs of the loan market cooling. Momentum meant... more

24.03.2020
Raido Kraavik Economist at Eesti Pank

Eesti Pank today publishes the banking statistics for February, which show how banking and the credit market were functioning before the economy was affected by the spread of the coronavirus. The economic restrictions that have been put... more

26.02.2020
Raido Kraavik Economist at Eesti Pank

Although the lending market was calmer in January than in the preceding months, some 100 million euros of housing loans were issued. This means that demand for loans was still strong, given that there is usually less borrowing activity in... more

24.01.2020
Raido Kraavik Economist at Eesti Pank

The banking sector in Estonia earned net profit of 285 million euros in 2019, which was one fifth less than in the previous year. The main reason for this was structural changes in the banking market. The net interest income and net... more

15.01.2020
Taavi Raudsaar Economist at Eesti Pank

Corporate debt grew faster last year, at a rate that reached around 6% at the end of the third quarter. Estonian companies again borrowed mostly from banks operating in Estonia, but they also used other sources of loans more than they... more

27.12.2019
Raido Kraavik Economist at Eesti Pank

The housing loan market remained active in November 2019. Although growth has been seen to slow in the economy of late, labour market conditions continue to favour workers. Rapid growth in wages has kept confidence high and demand for... more

25.11.2019
Raido Kraavik Economist at Eesti Pank

A little less was issued in new long-term loans and leases to companies in October than on average over the past year. This suggests that demand for loans is a little weaker. As corporate confidence has faded noticeably, companies may be... more

23.10.2019
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

24.09.2019
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

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