摘要:Competition on the Estonian banking market
tightened further in the fourth quarter of 2005
and fi rst quarter of 2006. The last half-year saw
the addition of new branches of foreign credit
institutions that commenced operations in Estonia
as well as credit institutions expressing their desire
to provide cross-border services from their country
of origin. As at 31 March 2006, seven companies
licensed as credit institutions in Estonia and
branches of seven credit institutions licensed
in another European Union Member State were
operating in Estonia. Five foreign credit institutions
had representative offi ces in Estonia and 97 foreign
credit institutions had submitted an application for
providing cross-border services.