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Bank Industry Risk Analysis: Denmark (Kingdom of) Feb 01
Standard & Poors, Feb 2001
Abstract
The Danish banking system starts a new century in a position of strength. Coupled with a growing economy, the major banks in the sector are making satisfactory returns and playing an important role in redefining the Nordic market. Nonetheless, challenges are ever-present. Consolidation will help to bring down costs, but potential problems with the integration of the banking, mortgage credit, and insurance operations of the new financial conglomerates will need to be addressed. Danish banks' ratings, however, are expected to remain stable. Recent years of economic growth have provided Danish banks with a period of stability and, driven by a strong regulatory regime with prudent provisioning requirements, sectoral nonperforming loan problems have largely been minimized. Although evidence of a slowdown...
Companies mentioned in this report are: Danske Bank A/S,Svenska Handelsbanken,Nykredit Realkredit A/S,Nordea Bank Danmark A/S
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
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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