25.02.2021
Raido Kraavik Economist at Eesti Pank

The market for residential real estate has survived the extraordinary times well. Transactions have recovered and the average transaction price has risen. The emergency restrictions in the spring made it harder to complete transactions... more

28.01.2021
Raido Kraavik Economist at Eesti Pank

The operating environment of the banks has been changed substantially by the coronavirus crisis, but the crisis has so far had little impact on the profitability of the banks. The Estonian banking sector[1] earned a profit of 383 million... more

25.11.2020
Madis Laas Economist at Eesti Pank

The uncertainty that was caused by the coronavirus crisis caused many companies to put new investment on pause in the spring, reducing the need for new long-term loans. The general fall in economic activity at the same time also reduced the... more

28.10.2020
Raido Kraavik Economist at Eesti Pank

The wide-ranging restrictions introduced in the spring to stop the coronavirus spreading brought a lot of uncertainty into the housing market. This made those looking for new homes more cautious and several new housing developments were... more

23.09.2020
Raido Kraavik Economist at Eesti Pank

The housing loan market has rebounded from the low point it hit during the crisis. Lending volumes have increased gradually from June, and 107 million euros of housing loans were issued in August. The average amount taken as a housing... more

26.08.2020
Raido Kraavik Economist at Eesti Pank

The bank deposits of the Estonian non-financial sector have grown strongly in recent years, and since the start of the coronavirus crisis the rate of growth of deposits has increased even further. The yearly growth in deposits was 11% in... more

23.07.2020
Madis Laas Economist at Eesti Pank

The banks operating in Estonia are making more provisions due to the uncertainty surrounding the coronavirus, whereas the volume of provisions is still relatively small. Banking sector profits reached 112 million euros in the second quarter... more

25.06.2020
Raido Kraavik Economist at Eesti Pank

The coronavirus pandemic has inflated the economic crisis in Estonia and in the global economy in recent months and is dragging on the future outlook for businesses. Economic uncertainty has caused many long-term investments to be put on... more

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

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