/nginx/o/2017/02/09/6323455t1h0c72.png)
/nginx/o/2013/06/23/1848884t1hf773.jpg)
Estonian President Toomas Hendrik Ilves' obligations to banks have decreased by slightly more than 5,000 euros over a year, it appears from his declaration of economic interests published on Monday.
President's loan obligations down by EUR 5,000 over year
Please note that the article is more than five years old and belongs to our archive. We do not update the content of the archives, so it may be necessary to consult newer sources.
Last year's declaration showed that Ilves owed Nordea Pank 41,420 euros in a housing loan. The fresh declaration puts the outstanding amount of the loan at 36,376 euros, which is 5,044 euros less than the year before.
It also appears that the president has divested his real estate in Germany. Apartments in Goettingen and Wuerzburg, listed as joint property in last year's declaration of economic interests, are not mentioned in the fresh edition. However, Ilves still owns the Arma farm in the Abja rural municipality in the South Estonian county of Viljandi.
As his other financial liabilities, the president listed a loan of 209,635 euros taken from UniCredit Bank AG to acquire real estate, a mortgage of 12,782 euros plus a collateral claim of 2,556 euros with Finland's Merita Bank and two mortgages totaling 133,448 euros with Nordea Bank Finland.
Ilves does not own any cars, water craft or aircraft.
He listed as his income the official salary of the president of Estonia, 5,050.23 euros a month, and the 20 percent extra paid to the president to cover his representation expenses.