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Bank Industry Risk Analysis: Denmark Sep 99
Standard & Poors, Sep 1999
Abstract
(Editor's Note: In the commentary published on Aug. 26, 1999, capital ratios for Leonia Corporate Bank and OKOBANK were omitted for table 2. An amended version follows.) The banking services sector in Denmark is undergoing its second phase of radical change this decade, a process that is increasing the already high level of concentration. While the first phase in the early 1990s involved the merging of five large domestic banks to create two dominant banking groups, now mergers and acquisitions, alliances, and cooperation agreements are uniting banking, mortgage credit, and insurance institutions to create three large financial conglomerates. Although domestic institutions were the primary groups involved at the beginning of this second phase, cross-border tie-ups, particularly with Nordic institutions, have...
Companies mentioned in this report are: Denmark,Denmark (Kingdom of),Danske Bank A/S,Skandinaviska Enskilda Banken AB (publ),Topdanmark Forsikring A/S (Unsolicited Ratings),Nykredit Realkredit A/S,Nordea Bank Danmark A/S,Codan Forsikrings A/S,BG Bank A/S,Tryg Forsikring A/S,Tryg Forsikring, skadesforsikringsselskab A/S
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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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