• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
Sluggish Revenues And Still-High Impairments Are Likely To Keep Nordic Banks' Earnings Low In 2010 Mar 10 Product Image

Sluggish Revenues And Still-High Impairments Are Likely To Keep Nordic Banks' Earnings Low In 2010 Mar 10

  • ID: 1786837
  • March 2010
  • Standard & Poors

FEATURED COMPANIES

  • Danske Bank A/S
  • Eksportfinans ASA
  • Landshypotek Bank AB
  • Nordea Bank AB
  • Nykredit Bank A/S
  • Pohjola Bank PLC
  • MORE

Abstract
The severe economic recession of the past 18 months in our view put significant pressure on most Nordic banks' asset quality and earnings in 2009. Standard & Poor's Ratings Services expects that improved economic perspectives for the Nordic countries and the three Baltic republics are likely to ease that pressure somewhat in 2010. However, we note that reported loan losses from exposures in Baltic countries have been relatively high, significantly impairing the earnings of those banks most exposed to these markets. We now believe that loan losses in the Baltic countries may have peaked in 2009, but are likely to remain elevated in 2010. Furthermore, we believe lower revenues could also pressure Nordic banks' earnings in 2010. We expect that...

Companies mentioned in this report are:
- Norway (Kingdom of)
- Sweden (Kingdom of) (Unsolicited Ratings)
- Swedish Export Credit Corp.
- Danske Bank A/S
- Eksportfinans ASA
- Skandinaviska Enskilda Banken AB (publ)
- Swedbank AB
- Pohjola Bank PLC
- Svenska Handelsbanken AB
- DNB Bank ASA
- Nykredit Realkredit A/S
- SBAB Bank AB
- Landshypotek Bank AB
- Nordea Bank AB
- Jyske READ MORE >

- Norway (Kingdom of)
- Sweden (Kingdom of) (Unsolicited Ratings)
- Swedish Export Credit Corp.
- Danske Bank A/S
- Eksportfinans ASA
- Skandinaviska Enskilda Banken AB (publ)
- Swedbank AB
- Pohjola Bank PLC
- Svenska Handelsbanken AB
- DNB Bank ASA
- Nykredit Realkredit A/S
- SBAB Bank AB
- Landshypotek Bank AB
- Nordea Bank AB
- Jyske Bank A/S
- Lansforsakringar Bank
- Storebrand Bank ASA
- Nykredit Bank A/S

Note: Product cover images may vary from those shown

RELATED PRODUCTS