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Loan Losses And Low Revenues Are Dampening Nordic Banks' Earnings Prospects For 2010, Says Report Mar 10 Product Image

Loan Losses And Low Revenues Are Dampening Nordic Banks' Earnings Prospects For 2010, Says Report Mar 10

  • ID: 1788929
  • March 2010
  • Standard & Poors

FEATURED COMPANIES

  • Danske Bank A/S
  • DNB Bank ASA
  • Jyske Bank A/S
  • Nordea Bank AB
  • Nykredit Realkredit A/S
  • Pohjola Bank PLC
  • MORE

Abstract
STOCKHOLM (Standard & Poor's) March 18, 2010--Nordic banks' earnings are likely to stay subdued in 2010 following the economic recession of the past 18 months, says Standard & Poor's Ratings Services today in the report: "Sluggish Revenues And Still High Impairments Are Likely To Keep Nordic Banks' Earnings Low In 2010". "We expect that net interest income is likely to remain stagnant, for a number of reasons--a higher proportion of nonperforming loans, low expected growth in volumes, depressed deposit margins, difficulties in repricing the lending books, and higher funding costs," said Standard & Poor's credit analyst Miguel Pintado. "Although Nordic banks generally appear to us to maintain relatively strong liquidity positions today, we consider that some refinancing risk may still...

Companies mentioned in this report are:
- Danske Bank A/S
- Skandinaviska Enskilda Banken AB (publ)
- Swedbank AB
- Pohjola Bank PLC
- Svenska Handelsbanken AB
- DNB Bank ASA
- Nykredit Realkredit A/S
- Nordea Bank AB
- Jyske Bank A/S

Action: General Comment

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- Danske Bank A/S
- Skandinaviska Enskilda Banken AB (publ)
- Swedbank AB
- Pohjola Bank PLC
- Svenska Handelsbanken AB
- DNB Bank ASA
- Nykredit Realkredit A/S
- Nordea Bank AB
- Jyske Bank A/S

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