Reconstruction of Estonian banking system started twenty years ago. Estonia built up for the market economy a banking … result of such kind of development was also the excessive concentration of banking. Banking sector in Estonia during the … transition period was opened to the invasion of foreign banks due to the openness of the economy and excessive risks taken. Two …

. The analysis of the development of commercial banking in Estonia and other transition countries points out several … operate in accordance with modern market economy patterns in every respect. But in several transition countries the reforms …