News

3001.23

Finantsinspektsioon is monitoring the risks from the increase in stock exchange transactions

As the number of transactions on the stock exchange rose last year, so did the number of notifications submitted to Finantsinspektsioon about dubious trades in the securities market. Finantsinspektsioon received 64 notifications about suspicious transactions in 2021, but last year it received 69.

2301.23

The rapid growth in deposits in Estonia has ended

Bank deposits in Estonia have been growing by as much as 20% a year in recent years, but last year the growth in them was only 1%. The total deposits held by banks operating in Estonia were 177 million euros larger at the end of 2022 than they were a year earlier at 28.1 billion euros.

1801.23

Four Estonian banks will come under supervision of the European Central Bank from January

The European Central Bank (ECB) will from January exercise supervision over 113 important banking groups in Europe it announced today. Those banks will include four Estonian banks, which are Swedbank, SEB Pank, Luminor and LHV.

1801.23

Finantsinspektsioon fined OÜ Koduliising

Finantsinspektsioon fined OÜ Koduliising (registry code 14571396) 21,000 euros for a misdemeanour, as the company did not send Finantsinspektsioon its updated plan for recovering its financial position within the time allotted.

1801.23

Finantsinspektsioon has withdrawn the authorisation from ALG Liisingu Aktsiaselts

On 9 January Finantsinspektsioon withdrew the operating authorisation as a creditor and mortgage creditor issued on 5 September 2016 from ALG Liisingu Aktsiaselts. The authorisation was withdrawn following an application from the company itself.

1801.23

Finantsinspektsioon issued a precept to Vagner Insurance Broker AS

Finantsinspektsioon issued a precept to Vagner Insurance Broker AS on 16 January that required Vagner Insurance Broker AS to make its financial report for 2021 available on its premises and website as required by the Insurance Activities Act.