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Bank Industry Risk Analysis: Norway (Kingdom of) Feb 02
Standard & Poors, Feb 2002
Abstract
The surge in financial strength enjoyed by the Norwegian banking industry in 1999 and 2000 eased in 2001 to more normal levels as the economic cycle turned and equity markets experienced continued turbulence. Norway is not immune from the current global economic slowdown, and banks' credit losses will rise from low levels. The timing of the recovery, as well as OPEC decisions and the trend in oil prices, will either soften or harden the concomitant credit quality impact on the Norwegian banking sector. The country's banks have little geographical diversification, apart from syndicated global shipping industry exposures of the two largest commercial banks, and are therefore particularly vulnerable to the trends in the country's economy as a whole. Banks are,...
Companies mentioned in this report are: Norway,Nordea Bank Norge ASA,Eksportfinans ASA,Swedbank AB,Svenska Handelsbanken,DNB Bank ASA,Den norske Bank ASA,Storebrand Livsforsikring AS,Livforsakringsaktiebolaget Skandia,KBN Kommunalbanken Norway
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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