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Swedish Banks Face Increasing Asset Quality Problems, Says New Report Feb 09 Product Image

Swedish Banks Face Increasing Asset Quality Problems, Says New Report Feb 09

  • ID: 1789399
  • February 2009
  • Region: Sweden
  • Standard & Poors

FEATURED COMPANIES

  • Nordea Bank AB
  • Svenska Handelsbanken AB
  • Swedbank AB
  • MORE

Abstract
STOCKHOLM (Standard & Poor's) Feb. 2, 2009--Sweden's banks face increasing asset quality problems, despite the inherently low risk in the country's banking system, according to a report released today by Standard & Poor's Rating Services. Non-performing loans and loan losses in the corporate sector are likely to increase significantly over the medium term, while loan losses from the Baltic operations of Swedish banks are expected to increase sharply in the course of 2009, according to the report, titled "Bank Industry Risk Analysis: Swedish Banks Face Increasing Asset Quality Problems At Home And Abroad". Positively, the report predicts that, despite a moderate up-tick in unemployment, the Swedish household sector will prove much more resilient, supported by an income tax cut and...

Companies mentioned in this report are:
- Skandinaviska Enskilda Banken AB (publ)
- Swedbank AB
- Svenska Handelsbanken AB
- Nordea Bank AB

Action: General Comment

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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

- Skandinaviska Enskilda Banken AB (publ)
- Swedbank AB
- Svenska Handelsbanken AB
- Nordea Bank AB

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