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09.07.2021

Holm Bank’s assets grow by almost 40% despite difficult year

Rauno Klettenberg, the chairman of the management board of the Estonian-owned Holm Bank AS, says that in spite of the coronavirus crisis the bank managed to post an impressive result for 2020: the bank’s total assets grew by 38.5% to reach 77.7 million euros by the end of the year, during which it earned almost 1.1 million euros in profit from its operations on the Estonian, Latvian and Swedish markets.

16.06.2021

Small businesses are afraid that banks will not help them in times of financial need

According to a survey conducted by Holm Bank, around half of small businesses feel that banks would not assist them in resolving issues they needed help with. According to the CEO of Holm Bank, the results highlight how disproportionate the market is: banks tend to focus on big, successful companies, while small and micro-companies, which are also major players in driving economic growth, are often ignored.

11.05.2021

Almost half of all micro-enterprises have abandoned their investment plans

Holm Bank has conducted a survey of 300 Estonian micro-businesses which has revealed that almost half (47%) of all enterprises with up to 10 workers have decided not to investing in their business in 2021. The investment confidence of enterprises owned by Russian-speaking business people and firms operating in the north-eastern part of the country has been hit especially hard.

02.05.2021

Only one in five small enterprises received state aid Have qualifying conditions proven too restrictive?

According to the manager of Holm Bank Rauno Klettenberg, providing services primarily to private clients and small enterprises, the crisis has been less damaging to many people than originally anticipated, e.g. a survey conducted by Holm Bank indicates that only one in five small enterprises needed state aid. However, Klettenberg points out that the pandemic still caused a lot of investment plans to be put on hold.

08.04.2021

The impact of the crisis on micro-businesses has been smaller than initially feared

A survey carried out among businesses with fewer than 10 employees has shown that Estonian micro-businesses have survived the 2020 coronavirus crisis better than initially feared. More than 40% of the businesses surveyed stated that the crisis has not had any impact on their turnover, while almost a quarter have only seen a 20% decrease in turnover.

06.01.2021

Holm expands to Latvian and Swedish financial service markets

Holm Bank AS, based 100% on Estonian capital, started providing services on the Latvian and Swedish markets. In Latvia, Holm offers hire-purchase services, hire-purchase cards, and consumer loans under its own brand, and on the Swedish market, the company is launching a digital credit card solution as its first service.

Holm Bank AS

Posti 30, 90504 Haapsalu

Commercial Register code

14080830

Date of activity licence decision

02.04.19

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+372 675 5055info@holmbank.ee

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partner@holmbank.ee

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