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Bank Industry Risk Analysis: Norway Jun 00
Standard & Poors, June 2000
Abstract
The Norwegian banking industry is presently operating in a benign economic environment, despite a slowdown in economic growth in 1998. Norway managed to avoid a hard landing in 1999 when oil prices soared from record lows to record highs and, although economic growth slowed, optimism amongst consumers helped support domestic demand. In 1999, all the leading banks reported healthy profits and stable lending margins. Profitability is stable and is supported by high asset quality and normalized provisioning needs. Capitalization of leading Norwegian banks is high compared with that of regional peers. The banking market is less concentrated and consolidation in the industry is lagging behind that of regional peers in Sweden and Finland, despite some smaller transactions in 1999. MeritaNordbanken's...
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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