Svenska Handelsbanken Jan 04
Standard & Poors, January 2004
Abstract
Leading market position in Sweden; Sound earnings capacity underpinned by solid net interest and commission revenues; Excellent efficiency levels resulting from strongly decentralized operations; and Consistently good asset quality. Moderate capitalization levels; Although tightly managed, concentration of large individual exposures; and Weak performance and a potential need for capital support of life insurance subsidiaries. The ratings on Svenska Handelsbanken (Handelsbanken) reflect the bank's leading market position in Sweden, its sound earnings capacity, excellent efficiency levels, and consistently good asset quality. The ratings are constrained by the moderate level of core capitalization and the high concentration of individual exposures compared with those capital levels. Handelsbanken has the largest banking operation in Sweden, with total assets of Swedish krona (Skr) 1.32 trillion...
Companies mentioned in this report are:
- Svenska Handelsbanken AB
- Stadshypotek AB
Action: Review
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: Full Analysis
- Svenska Handelsbanken AB
- Stadshypotek AB
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