News Estonia Banks: Court: Specific law needed before state can request access to bank accounts
While a recent administrative court ruling found that current legislation provides no grounds for accessing bank account data without sufficient cause, the Financial Intelligence Unit plans to appeal the ruling.
News Estonia Banks: Estonian central bank says cross-border transfers not bigger than other countries'
Estonia's central bank said on Friday that the value of cross-border transactions made by customers of domestic banks was not exceptionally high in an international perspective amid an unfolding crisis over possible money laundering. The European Union member country of just 1.3 million people has been rocked by revelations that banks there laundered money from Russia, Moldova and Azerbaijan via non-resident accounts. "The value of international payments initiated in Estonian banks in 2008-2015 was 3.1 times the GDP of Estonia, which is a similar ratio to those of Belgium, France and Finland, and behind that of Germany for example," the central bank said in a statement.
News Estonia Banks: Estonian banks' summary profits €652 million in 2025
Banks operating in Estonia earned a combined net profit of â¬652 million in 2025, down a fifth from 2024, as strong loan growth offset falling Euribor rates.
News Estonia Banks: Leading commercial banks in Estonia see their profits fall in 2025
Swedbank and SEB posted lower profits in 2025, earning €261 million and €166.9 million respectively, as interest income declined and costs rose for both banks.
News Estonia Banks: Estonian bank enters liquidation over money laundering case
Denmark's largest bank says its Estonian branch, which was involved in a 200 billion-euro ($220 billion) money laundering scandal, has entered liquidation after winding down banking activities in the Baltic country. Frederik Bjoern, Danske Bank's chairman of the liquidation committee, said Tuesday it "has now essentially closed all banking activities in Estonia," as agreed with the Estonian financial watchdog in February. The money laundering scandal is one of the largest of its kind.
News Estonia Banks: With Crypto Poised to Rebound, Estonia-Based Fintech Startup Opens Store in Amsterdam
Miracle Cash&More, an Estonia-based fintech startup specialized in cryptocurrency ... Miracle C&M is a virtual currency service provider registered by De Nederlandsche Bank. Despite the growing ...
News Estonia Banks: Central bank: Strong trade growth at end of 2021 to slow this year
Estonia's foreign trade was encouraged last year by the good position of the global economy and by strong demand from Estonia's trading partners for Estonian exports, the Bank of Estonia (Eesti Pank) says.
News Estonia Banks: Estonia-based Sputnik Media Announces Closure Citing Threats & Economic Pressure: Report
Estonia-based media organisation Sputnik Media announced shutting down their organisation citing restrictions by the Estonian banks and authorities.
News Estonia Banks: Central bank economist: Estonia likely to see economic recession this year
Estonia is likely facing an economic recession this year, and as inflation continues to remain high, purchasing power will go down as well, Bank of Estonia economist Rasmus Kattai told ERR on Monday.
News Estonia Banks: European Investment Platform Estateguru Launches in the UK
● Estateguru Marketplace Limited opens its UK office in Manchester ● Estateguru Group is an international property investing and financing platform, which has funded over €500m in loans to over 3,000 business plans and projects across Continental Europe ● Estateguru operates in eight other markets across Europe including Finland, Spain, Portugal, Estonia and Germany Today,
News Estonia Banks: TribeOne Takes A Deep Dive Into NFTs And Metaverse
March 11, 2022) – TribeOne is the world’s first decentralized financial platform powered by AI. TribeOne provides insurance as well as models that reduce borrowing costs through yield farming and ...
News Estonia Banks: Exclusive: Lithuania warns banks of cyber attacks, power cuts amid fears of war in Ukraine
The Lithuanian central bank did not respond to a request for comment ... the Baltic states have tense relations with their former overlord. Estonia blamed Russia for a cyberattack in 2007 that ...
News Estonia Banks: Danske Bank dividend policy brings Estonia case back in spotlight
Estonia, France and the United States. Danske Bank said it would propose a dividend of 2 Danish crowns for 2021, with another 5.5 crowns “intended” to be paid out in three tranches later in the year.
News Estonia Banks: Central Bank: Interest rates on loans and deposits fell substantially to Q4
The average interest rate of householders' term deposits stood at 0.29 percent in the fourth quarter of 2021 (Q4 2021), down from 0.9 percent a year earlier, while average interest rates on consumer loads to householders had also fallen over the same time period, from 19.9 percent to 17.5 percent, the Bank of Estonia (Eesti Pank) says.
News Estonia Banks: Former Swedish bank CEO faces fraud charges in money-laundering case
Former boss of Swedbank accused of breaking the law when she played down concerns about bank’s activities in Estonia.
News Estonia Banks: Danske Bank Rebuilds Compliance Program After Money-Laundering Scandal
Galvanized by the 2018 scandal at a tiny branch in Estonia, the Copenhagen-based bank is about half-way through a revamp of its financial crimes controls, according to its new chief compliance officer ...
News Estonia Banks: Former Swedbank CEO charged with fraud related to bank's Estonia operations
A former Swedbank CEO has been charged in Sweden with fraud, market manipulation and disclosing inside information without authorization, in respect of the bank's operations in Estonia, UK daily The ...
