EE: Bank of Estonia assets down by 14.5% m/m in November.

By bne IntelliNews December 8, 2010
Bank of Estonia recorded a 14.5% m/m decline in assets in November, which amounted to EEK 32bn (EUR 2.0bn) as of end-November. The banks gold and net foreign reserves declined by 15.5% m/m in November, and amounted to EEK 29.1bn as of end-November. The decline was due to lowering banks mandatory reserve norm from 11% to 7% at the beginning of November. Demand for base money declined by 18.3% m/m and stood at EEK 23.5bn as of end-November.

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