Hansapank Housing Loan



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Target board 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

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.