The annual growth in loan portfolio of banks operating in Estonia slowed somewhat in Q3, from 11.7% to 9.4%. The stock of loans granted to corporations grew 14%, mostly on account of financial corporations as several banks gave extraordinary loans inside their group. Excluding those transactions, the overall loan growth would have been 6.7%. The growth in stock of loans granted to non-financial corporations slowed from 8.2% to 7.2%. The growth in households’ loan portfolio, however, fastened – from 4.4% to 4.6% –, including housing loans from 4.5% to 4.8%.
The annual growth in stock of deposits increased from 2.2% to 3.6% in Q3. The LTD ratio has risen a bit, from 107% in Q2 to 109%. In annual comparison, however, this ratio has increased noticeably, mostly on account of branches, while for local banks it has remained below 100%.
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