Institutional units of financial sector

Financial sector includes institutional units principally engaged in financial intermediation or activities auxiliary to financial intermediation.

Financial intermediation – the activity in which an institutional unit acquires financial assets and at the same time incurs liabilities on its own account by engaging in financial transactions on the market. A financial intermediary does not simply act as an agent for other institutional units but takes risks.

Auxiliary financial activities comprise auxiliary activities for realising various financial transactions, but the service providers do not set themselves at risk by incurring financial liabilities.

In Estonia the financial sector comprises four sub-sectors:

• monetary financial institutions (Central Bank, credit institutions, savings and loan associations, money market funds);
• insurers (life insurance, non-life insurance, reinsurance);
• pension funds (mandatory and voluntary pension funds);
• other financial institutions (holding companies, fund management activities, financial leasing, pawn shops, other credit granting, other financial service activities n.e.c., activities auxiliary to financial intermediation and insurance).

Statistics Estonia compiles and publishes the updated list of units belonging to financial sector in Estonia twice a year: in December and June. The list is compiled on the basis of administrative sources.

List of units 01.06.2012: XLS
List of units 01.12.2011: XLS
List of units 01.06.2011: XLS
List of units 01.11.2010: XLS

Information on financial enterprises operating in Estonia can also be found on websites of the Bank of Estonia and Financial Supervision Authority.