Republic of Estonia : Financial System Stability Assessment

Author/Editor:

International Monetary Fund

Publication Date:

March 9, 2009

Electronic Access:

Free Full Text (PDF file size is 655 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper presents key findings of the Financial System Stability Assessment of the Republic of Estonia. The Estonian financial sector is highly concentrated and foreign owned. Financial indicators suggest a sound banking sector, and show particular strength in asset quality and earnings. The paper reveals that the Estonian banking sector has significant vulnerabilities from its real-estate lending. The rapid expansion of the banking sector has been funded, to a large extent, by short-term foreign borrowing from parent banks, making Estonia vulnerable to a disruption in international financial markets.

Series:

Country Report No. 09/89

Subject:

English

Publication Date:

March 9, 2009

ISBN/ISSN:

9781451812565/1934-7685

Stock No:

1ESTEA2009003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

42

Please address any questions about this title to publications@imf.org