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Bank Industry Risk Analysis: Denmark (Kingdom of) Jul 02
Standard & Poors, July 2002
Abstract
The financial strength of the Danish banking system is sound. The Kingdom of Denmark enjoys a very open and diversified economy with no apparent systemic risks or structural problems, and stability is also underpinned by the strong saving position of households and relatively bright prospects of Danish corporates. Although strong consolidation has resulted in the banking industry in Denmark having an oligopolistic structure, with two major banks holding more than 70% of loans and deposits, competition is still fierce and margins remain low. Although increasingly owned by banks, mortgage credit institutions still represent more than one-third of the financial system. Overall, banks in Denmark are well capitalized, and have had good financial performance in recent years supported by an increasingly...
Companies mentioned in this report are: Denmark (Kingdom of),Danske Bank A/S,Skandinaviska Enskilda Banken AB (publ),Swedbank AB,Trygg-Hansa Forsakrings AB, Publikt.,Svenska Handelsbanken,Nykredit Realkredit A/S,Nordea Bank Danmark A/S,Codan Forsikrings A/S,E.ON Sverige AB,Sirius (Denmark) forsikringsselskab A/S,Jyske Bank A/S,Totalkredit 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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