Nordic Banks Face Favorable Outlook At Home, Look East In Quest For Future Growth Mar 07
Standard & Poors, March 2007
Abstract
The ratings on the major banks of Denmark, Finland, Norway, and Sweden are expected to remain stable through 2007, supported by continuing benign economic conditions and robust and stable financial performances. In some cases, improved earnings capacity and sustainability could translate into positive rating actions. Although Standard & Poor's Ratings Services considers the region's banks well placed to manage most downturn scenarios, harder-than-expected landings in Iceland or the Baltic economies could put pressure on ratings on financial institutions with exposure to these markets. Nevertheless, we think it much more likely that any downgrade of a major Nordic bank would be driven by bank-specific actions rather than systemic developments. Not all Nordic banks are the same, however. While some have pursued...
Companies mentioned in this report are:
- Danske Bank A/S
- Danske Bank PLC
- Skandinaviska Enskilda Banken AB (publ)
- Swedbank AB
- Pohjola Bank PLC
- Svenska Handelsbanken AB
- DNB Bank ASA
- Nykredit Realkredit A/S
- SBAB Bank AB
- Landsbanki Islands
- Nordea Bank AB
- Jyske Bank A/S
- Lansforsakringar Bank
- Housing Financing Fund Ibudalanasjodur
- Storebrand Bank ASA
- 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.
- Danske Bank A/S
- Danske Bank PLC
- Skandinaviska Enskilda Banken AB (publ)
- Swedbank AB
- Pohjola Bank PLC
- Svenska Handelsbanken AB
- DNB Bank ASA
- Nykredit Realkredit A/S
- SBAB Bank AB
- Landsbanki Islands
- Nordea Bank AB
- Jyske Bank A/S
- Lansforsakringar Bank
- Housing Financing Fund Ibudalanasjodur
- Storebrand Bank ASA
- Glitnir Bank
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