Central Bank to increase reserves

  • 2012-04-18
  • From wire reports
TALLINN - Estonia’s central bank said it must boost reserves by 3.5 times in the long term to reduce the risks of participating in European Central Bank measures to tackle the region’s debt crisis, reports Bloomberg. Eesti Pank plans to increase its equity capital to 1.3 billion euros from 370 million euros, raising its equity relative to the total for euro-area central banks to 0.26 percent, the same as its relative ECB contribution, its board said on April 10 in an e-mailed statement from Tallinn.“The volume of Eesti Pank’s risk assets has significantly incre...
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