At the start of December the Estonian-owned Holm Bank launched its new hire-purchase service Liisi Plus, which enables clients to make purchases even from stores where hire-purchase isn’t offered – whether in Estonia, other countries or online global retailers.
A survey conducted by Estonian-owned Holm Bank has revealed that the investment inclination of small businesses in the country has been affected by escalating costs and a decline in demand. Nearly half of the respondents would be interested in investing if the economy were to grow again and stability restored to taxation policies.
Nelli Differt is an epee fencer from Haapsalu Fencing Club En Garde, boasting numerous recent accolades and podium finishes, including a bronze medal at the European Championships (2023), 5th place at the World Championships (2022), 2nd place at a World Cup stage (2022), and 3rd place (2023). Additionally, she holds the titles of Junior World Champion (2010) and Junior European Champion (2007) in team epee fencing. Over the years, Holm Bank has consistently supported proactive individuals and initiatives both locally and across Estonia.
By the initiative of the Estonian Banking Association, the AML Conference 2023 took place on the 2nd of November. The critical issues in the financial sector were discussed, ranging from preventing money laundering to ensuring the accessibility of basic payment services for businesses. The discussions involved representatives from banks, the Financial Supervision Authority, the Money Laundering Data Bureau, the Office of the Chancellor of Justice, several ministries, and other entities.
"It was the remarkable growth of Holm that caught my attention," acknowledges Madli Pindmaa, Chief Financial Officer at Holm Bank, who joined the bank's team in September. "There aren't many companies, especially local ones, that can boast about their portfolio doubling in just 1.5 years. While Holm has a history dating back to the mid-nineties, as a bank from 2019, it is a youthful, rapidly expanding, and evolving credit institution that holds substantial potential in the market. Witnessing the company's rapid development up close is truly thrilling," Madli reveals the reasons that attracted her to Holm.
Recognizing that regular current accounts do not make your money grow is crucial. Inflation eats away at it, and the interest rates are minuscule (if they exist at all), making it easy to spend your money. For anyone with some money in their current account who wishes to prevent it from being spent too easily, there is an opportunity to place it in a fixed-term deposit to let it grow. Chief Financial Officer of Holm Bank, Madli Pindmaa, delves into the intricacies of depositing and explains why you should open a fixed-term deposit and why you should do it at a bank.
Posti 30, 90504 Haapsalu