TITLE

Too complacent about credit?

PUB. DATE
March 2005
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;Mar2005, Vol. 12 Issue 3, p10
SOURCE TYPE
Country Report
DOC. TYPE
Country Report
ABSTRACT
This article reports that Estonia's credit boom, which has helped to fuel private demand over the past five years, shows few signs of abating. A slowdown in economic activity and up trend in domestic interest rates should ease loan growth this year. Bank loans to individuals rose 51% y-o-y in December 2004, only fractionally lower than the peak growth rate of 55% reached in April. To some extent this is understandable, as credit growth is taking place from a low base and reflects the country's rapid economic and financial development.
ACCESSION #
16590064

 

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