3011.22
Lending activity by creditors increased noticeably in the second quarter. Substantially more contracts were signed than in recent years. The number of new contracts signed in the second quarter reached 220,000, having been 174,000 in the previous quarter.
3011.22
There are nine investment firms operating under an authorisation issued by Finantsinspektsioon, of which four received their authorisation in 2021 or 2022.
The client assets managed by investment firms shrank by 23% in the quarter and were down 62% on the end of the year.
3011.22
The two life insurers received 75 million euros in insurance premiums in the first quarter, which was 5% less than in the first quarter but 14% more than in the second quarter of last year.
3011.22
Estonian non-life insurers wrote 160.7 million euros in insurance premiums in the second quarter of 2022. Insurance premiums were up in volume in the second quarter by 20.2% from the same period a year earlier.
3011.22
The volume of assets managed by fund managers continued to decline in the second quarter of 2022, losing 10.1%.
3011.22
The value of the assets of public funds shrank by 445.6 million euros or 8.7% in the second quarter of 2022. Assets shrank most at equity funds, losing 16.2%, but they also shrank by 9.6% at mandatory pension funds and by 5.9% at voluntary pension funds.
3011.22
The indicators for the banking sector in the second quarter do not yet show the economy cooling. The rate of growth in lending picked up further to 12.5% over the year, taking the loan stock of the sector to 32.8 billion euros.
2311.22
Developments in Estonian financial services were affected most in the first half of 2022 by inflation, the fall in securities markets, and the termination of second pension pillar contracts.
