Banks and other financial institutions are a unique set of business firms whose assets and liabilities, regulatory restrictions, economic functions and operating make them an important subject of research, particularly in the conditions of the emerging financial sectors in the EU accession...

The first commercial bank in Estonia, which was also the first commercial bank in the former Soviet Union, was established in Tartu in 1988. Unfortunately, because of bad loans, Tartu Commercial Bank went bankrupt and was liquidated in 1993. During the transition period after Estonia regained...