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Bank Industry Risk Analysis: Swedish Banks Face Increasing Asset Quality Problems At Home And Abroad Feb 09
Standard & Poors, Feb 2009
Abstract
Competitive, resilient and highly diverse economy Highly concentrated sector, which adds strength and stability to the system Large banks have wide business and geographic diversity Good cost efficiency supports profitability Relatively high dependence on international wholesale funding Exposure to the Baltic countries and other emerging Eastern European economies Large single-name concentrations in some banks Intense competition resulting in low margins In a global context, Standard & Poor's Rating Services considers the Swedish banking system to be of very low risk. This is reflected by our Group 1 Bank Industry Country Risk Assessment (BICRA) ranking for Sweden (out of 10, 1 is the strongest). Similarly ranked banking systems include those of Finland, France, the Netherlands, Switzerland and Canada. The Swedish banking...
Companies mentioned in this report are: Danske Bank A/S,Skandinaviska Enskilda Banken AB (publ),Swedbank AB,Svenska Handelsbanken,SBAB Bank AB,Nordea Bank AB,Lansforsakringar Bank
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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