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Q4 2021 overview of creditors sector
The biggest change in the creditors sector in the fourth quarter was the return to growth of the number of consumption loans after the active repayment of loans in September.
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The biggest change in the creditors sector in the fourth quarter was the return to growth of the number of consumption loans after the active repayment of loans in September.
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Payment institutions operating in Estonia mediated payments of 171 million euros in the fourth quarter of 2021. The turnover of domestic payments was up 17% on the third quarter and the number was up 12%.
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There were seven investment firms operating in Estonia at the end of the fourth quarter. The assets of the sector increased by 23% to 121 million euros, which is the highest figure ever seen.
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The two life insurers received 88 million euros in insurance premiums in the fourth quarter, which was 24% more than in the previous quarter. It was the largest ever volume of premiums in one quarter.
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Estonian non-life insurers wrote 133 million euros in insurance premiums in the third quarter. Insurance premiums were 5.3% larger in volume in 2021 than in the previous year.
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The volume of pension funds started to grow again after the payouts from the second pillar pension funds, and the growth in assets in the fourth quarter was 5.8%.
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The value of the assets of public funds grew by 3.7% or 187 million euros in the final quarter of 2021.
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The rapid growth in the Estonian economy in the fourth quarter of 2021 of 8.6% over the quarter and 8.3% over the year was also reflected in the figures for the banking sector.