Corporate loan demand slows

  • 2014-03-05
  • From wire report
TALLINN - The annual growth rate of the loan and lease portfolio in the Estonian non-financial sector slowed in January to 0.7 percent, Estonia’s central bank Eesti Pank announced, reports LETA. The total volume of loans and leases to companies and households shrank over the month by 8 million euros to 14.8 billion euros.The demand for credit was held down in January by the low level of investment activity among Estonian companies. Companies took 660 million euros in loans and leases during the month, which was 10 percent less than in January 2013. The January turnover of long-t...
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