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Bank of Estonia
Eesti Pank (Estonian)
Bank of Estonia logo.svg
Headquarters Tallinn
Established 24 February 1919
Chairman Andres Lipstok
Central Bank of Estonia
Currency kroon
ISO 4217 Code EEK
Reserves 3,697 Billion EEK (~236 Million €) [1]

The Bank of Estonia (Estonian: Eesti Pank), is the central bank of Estonia, which is a member of the European Union organisation and the European System of Central Banks. The bank issues the Estonian currency, the kroon. The bank's current chairman (as of the 7th of June 2005) is Andres Lipstok.



TALIBOR stands for the Tallinn Interbank Offered Rate and is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Estonia wholesale money market (or interbank market). TALIBOR is published daily by the Bank of Estonia together with TALIBID (Tallinn Interbank Bid Rate).

TALIBOR is calculated based on the quotes for different maturities provided by reference banks at about 11.00 a.m. each business day by disregarding highest and lowest quotation and calculating arithmetic mean of the quotations.


See also

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