Number of banks reached 16.0 banks in 2019 in Estonia, according to the National Central Bank. This is the same as in the previous year.
Historically, number of banks in Estonia reached an all time high of 22.0 banks in 1994 and an all time low of banks in. When compared to Estonia's main peers, number of banks in Finland amounted to 24.0 banks, 19.0 banks in Latvia, 15.0 banks in Lithuania and 402 banks in Russia in 2019.
Estonia has been ranked 89th within the group of 140 countries we follow in terms of number of banks, 12 places above the position seen 10 years ago.