Banks in Estonia generated an aggregate profit of EUR 539mn in the first nine months of 2026, which was up around EUR 42mn (9%) from the same period of 2025, according to data from the Bank of Estonia, ERR reports. Kristjan Mäe, economist at the Bank of Estonia, said that the increase in bank profits was driven by growth in the loan portfolio and a rise in interest income. The loan portfolio of banks operating in Estonia increased by EUR 2.5bn (9%) over a year. Loans issued to real estate and construction companies rose by 14%, housing loans by 10%, other corporate loans by 5%, and other household loans by 4%.
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