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Bank Industry Risk Analysis: Swedish Banks Plow Ahead On Excellent Asset Quality And Increased Diversification Feb 07
Standard & Poors, Feb 2007
Abstract
Sound profitability underpinned by high cost efficiency Good diversification across businesses and countries Prosperous, competitive, resilient, and diversified economy Intense competition and low margins Increasingly leveraged household sector Relatively high interest-rate sensitivity among households 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 Denmark, Finland, the Netherlands, and the U.K. The Swedish banking system is expected to remain strong, supported by a prosperous, competitive, and diversified economy with no clear systemic threats or structural weaknesses. Swedish banks generally have sound profitability,...
Companies mentioned in this report are: Sweden (Kingdom of),Danske Bank A/S,Skandinaviska Enskilda Banken AB (publ),Swedbank AB,Svenska Handelsbanken,DNB Bank ASA,SBAB Bank AB,Nordea Bank AB,Glitnir 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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