2608.21
The total volume of assets managed by the fund management sector was a little lower in the first quarter of 2021 than in the previous quarter, having declined by 3.3% or 260 million euros, and the market value of the assets remained at 7.61 billion euros.
2608.21
Growth in the Estonian economy was unexpectedly high in the first quarter of 2021 at 5.4%. The pandemic means that risks in the economy, including in banking, remain high, especially in certain sectors.
1708.21
Estonian non-life insurers received 133 million euros insurance premiums in the first quarter. This is the same amount as a year earlier, but premiums had not yet been reduced by the Covid-19 pandemic in the first months of last year. Claims totalled 77 million euros in the first quarter.
1708.21
The two life insurers received 68.1 million euros in insurance premiums in the first quarter, which was 4% less than in the previous quarter but 6% more than in the first quarter of 2020.
2106.21
Normally you would expect this foreword to start by saying that the Covid-19 pandemic meant that 2020 was an exceptional year.
2605.21
The development of the Estonian financial services sector in 2020 was affected most by the outbreak of the Covid-19 pandemic in the spring and by the planned pension reform, but they did not affect all financial services in the same way.
2405.21
At the end of 2020 there were 56 creditors in the market and 10 credit intermediaries. About the same amount was issued in loans in the fourth quarter as in the third, as over 171,000 new contracts were signed for 196 million euros.
2405.21
Payment institutions operating in Estonia mediated payments of 90.4 million euros in the fourth quarter of 2020. The value of payments in the sector and the number of them were both around a third more than in the third quarter. The value of payments grew at all payment institutions.
