H&M-i suvine müük
Free Fall Galaxy
04.11.2016, Konstantin KuningasPM
Joint bank of DNB, Nordea to be headquartered in Estonia
The unit for Baltic banking of DNB and Nordea established as a result of a merger of the Baltic operations of both banks will be headquartered in Estonia and will do business in Latvia and Lithuania via subsidiaries.
Big banks «wait and see» regarding new credit reference system
The private persons credit reference exchange system Positiivne Register created by Krediidiinfo in cooperation with lenders says it makes things simpler and cheaper for those with excellent background. Meanwhile, major banks have not joined it.
16.08.2016, Liina KanarbikPM
Estonia's LHV exits Latvian market
Estonian LHV bank is to close its Latvian branch on Thursday evening and exit the Latvian market, and in the future the bank will mainly focus on the Estonian market.
Chief of Danske: pension investors need not worry
Last year, Danske Bank begun the switch to corporate banking in Baltics and successfully so says its head in Estonia, Ivar Pae.
As related to sale of Danske Bank pension funds to LHV the clients need not worry: the fund will be managed well even during times of transition i.e. as long as the transition is completed, he says.
09.02.2016, Tõnis OjaPM
Client and bank to deal via video
Next year, Estonia emerges as among the first nations on Earth where clients must not trot to bank branches for transactions needing personal identification. A video link will do the job.
11.12.2015, Aivar PauPM
Editorial: need to know or nice to know
Banks have begun to demand data from customers which, among other things, concern relatives' links to state offices. If we present not the data, we can't use the bank services. The clients are disturbed, and understandably so. The banks say they aren't after the data on their own initiative but according to laws and regulations. Data protection Inspectorate says banks need to update client data to comply with Money Laundering and Terrorist Financing Prevention Act.
Banks twist client arms to draw personal data
Nordea and Danske clients complained to Postimees that said banks withheld services related to transfers and purchase of shares as the individuals failed to fill fresh personal data declaration.
12.11.2015, Andres ReimerPM
SEB grants grace period to third of milk producers
Over a third of milk producing clients of SEB have applied for grace period regarding loan payments, and some are failing to even pay the interests.
15.09.2015, Nils NiitraPM
The year ahead: economy most impacted by external demand
The main impact on economic indicators in 2015 will be events on global markets, chiefly the persistently low interest rates and oil price drop. Both might serve as catalysts to the economy, but whether a growth boost will be provided, we’ll see in 12 months.
05.01.2015, Tõnis OjaPM
Bitcoin offers options to launder money
In Estonia, two criminal investigations are underway regarding those trading with Bitcoin – the virtual money. According to Financial Intelligence Unit chief Aivar Paul, the strictness is due to Estonia being transit state for money laundering.
16.12.2014, Marge TubalkainPM
In two years, bank secrecy buried
From 2016 onwards it makes no sense to hide income by private accounts in Swiss banks of family funds in Liechtenstein – data thereof will be dropping straight into our Tax and Customs Board server.
27.11.2014, Tõnis OjaPM
Bums and fools in loan shark jaws
While investigating an international computer fraud, in spring of 2012 economy police spotted a suspicious behaviour pattern of its alleged leader and his acquaintances – the young guys loved to have dealings with outcasts or people slightly disabled. Daily.
11.11.2014, Risto BerendsonPM
Editorial: central bank saving the eurozone economy
European Central Bank led by its president Mario Draghi, saviour of the euro two years back, is keeping up strong stimulation of eurozone’s stagnating economy and demonstrating determination to save it from deflation trap. As decided by ECB council yesterday, the base interest is down to the non-existent percentage of 0.05, and deposit interest 0.2 below zero. Also, they are in for a massive purchasing of assets.
ECB acts decisive in deflation threat
Even before stepping into office, European Central Bank president Mario Draghi was nicknamed Super Mario. Now, nearly three years into his term, the ECB council under his leadership has managed to act decisive on several occasions. For starters, two years ago, eurozone was saved from breaking apart, or, at least, from a very bad crisis. Now, the central bank is set to do battle for boosting economy and defeating deflation.
06.06.2014, Andres EinmannPM
Future growth hooked to banking union
Stalling banking reform undermines competitiveness of eurozone banks and postpones acceleration of economic growth.
24.03.2014, Tõnis OjaPM
Editorial: the timely tax talk
There are four bigger banks in Estonia: Swedbank, SEB, Danske Bank, and Nordea. In 2010–2012, the Golden Quartet made €1bn plus of net profit, between the four. A billion euros is very big money. To compare: this year’s state budget – upholding entire Estonian state – is €8bn. Might be more, but that’s what we have. What we do not have, even Death can’t take, to say nothing of the Taxman.
Voluntary income tax proposed for banks
For years, the banks haven’t paid a cent of income tax on their giant profits. Aivar Sõerd, former Tax Board chief and Minister of Finance, wants to change this.
27.01.2014, Tõnis OjaPM
Latvian euro switch may make banks balk
At midnight to January 1st Latvia leaps into use of euro, possibly disrupting Swedbank and Nordea Bank internet payments in Estonia. Also, ATMs may not work.
31.12.2013, Mikk SaluPM
Banks in Estonia: between a rock and a hard place
Banks are busy cost-cutting: on the one hand, they are being squeezed by fresh regulations; on the other hand, income is down due to record low interest rates.
04.12.2013, Tõnis OjaPM
Estonian banks more than triple profit in April
Commercial banks active in Estonia earned a net profit of 99.5 million euros in April, nearly three and a half times more than in the same month of the previous year, data published by the Bank of Estonia show.
Estonian banks had 1.96 mln online banking customers at end of April
Estonian commercial banks had 1,959,746 internet banking customers at the end of April and the number of customers of telephone banking was 936,087.
An average of 1.2 million internet purchases are made through banks in Estonia every month
Eesti Pank's statistics show that in the past 11 months, 1.2 million internet purchases have been made through Estonian banks, with a total turnover of 54 million euros. Of these purchases, 4/5 were payments within Estonia made through a bank link service, accounting for 40 million euros in value. The average size of these payments was 42 euros. Credit cards were used more over the internet for making payments for goods and services ordered from other countries. Credit card payments were made on average 235 thousand times a month for a total value of 15 million euros. Only one tenth of these payments were within Estonia. The average credit card payment was 64 euros.
26.04.2013, Ingrid Mitt, Eesti PankPM
Estonian banks' Q1 profit drops 22 pct on year
Commercial banks active in Estonia earned a net profit of almost 81 million euros in the first quarter of 2013, 22 percent less than during the corresponding period a year ago.
Kutcher ja Banks hakkavad tõsielusarja tegema
Näitleja Ashton Kutcher ühendas jõud supermodellist vestlussaate juhiks tõusnud Tyra Banksiga, et luua peatselt uus tõsielusari üheskoos elavatest ilusatest inimestest.
28.02.2008, Priit Liiviste