Hansapank Housing Loan



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

28 Jan 1997



PSD disclosed:

05 Dec 1996

Project Description

A housing finance facility totalling DM 15 million for a term of 10 years. The principal objectives of the project are to:

  • provide EHP with the capacity to expand its range of products;
  • give private individuals the opportunity to purchase their principal private residences in Estonia;
  • encourage wider home ownership in Estonia.

Transition Impact

Home ownership and access to housing finance are hallmarks of a market-oriented economy which allows people to have a stake in the prosperity of their country. Through the HFF, the EBRD will be facilitating increased home ownership and enabling EHP to offer the types of services provided by most international banks.

The Client

AS Eesti Hoiupank (EHP) is the Estonian Savings Bank and the country's second largest banking institution.

EBRD Finance

A long-term housing finance facility (HFF), to enable private individuals to purchase their principal private residences in Estonia.

Project Cost

Up to the equivalent of DM 15 million (ECU 8 million), all of which will be financed by the EBRD.

Environmental Impact

The project has been classified C/0, which means that it does not require an environmental analysis or an environmental audit. EHP carries out its operations in accordance with the EBRD's Environmental Procedures for Local Banks, which provide for the integration of environmental due diligence into such banks, credit and investment appraisal processes and a requirement that borrowers comply with national and local health and safety and environmental regulations and standards.

Technical Cooperation



Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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