Shifting Global Dynamics Are Reshaping Estonia’s Banking Market, Entrepreneurs Are Benefitting

Estonia’s banking market is undergoing a structural shift. Stricter EU-wide compliance rules, introduced in response to financial crime and geopolitical threats, have narrowed the focus of large international banks. As a result, locally established banks are expanding their role, serving clients that no longer fit the rigid models of traditional lenders. According to Kristi Hõrrak, Financial Director at Finora Bank, this change is creating real advantages for Estonian businesses, particularly small and medium-sized enterprises (SMEs). Estonian banks have submitted their annual reports, and recent overviews from the Bank of Estonia and the Estonian Banking Association confirm the trend. Smaller, specialized […]