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Nordea Banking Group Jun 11 Product Image

Nordea Banking Group Jun 11

  • Published: June 2011
  • Standard & Poors

FEATURED COMPANIES

  • Nordea Bank AB
  • Nordea Bank Danmark A/S
  • Nordea Bank Finland PLC
  • Nordea Bank Norge ASA
  • Nordea Hypotek AB
  • MORE

Abstract
Leading universal banking franchise across the Nordic region. Substantial geographic and business diversification of revenues. Adequate group-integrated enterprise risk management. Well-diversified funding base and ample liquidity. Low margins and modest growth in Nordic home markets. Still subdued investment activity in core markets, leading to weak loan demand. The ratings on the banking operations of Nordic financial services group Nordea reflect the group's consistent strategy, which has resulted in successful integration; Nordea group's relatively solid earnings from its core banking operations; and well-diversified funding profile. The group's capitalization is adequate given its current risk profile, in Standard & Poor's Ratings Services' view. We believe Nordea is well positioned to benefit from a normalization of interest rates over the next two years...

Companies mentioned in this report are:
- Nordea Bank AB
- Nordea Bank Norge ASA
- Nordea Bank Finland PLC
- Nordea Bank Danmark A/S
- Nordea Hypotek AB
- Nordea Kredit Realkredit A/S

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage READ MORE >

- Nordea Bank AB
- Nordea Bank Norge ASA
- Nordea Bank Finland PLC
- Nordea Bank Danmark A/S
- Nordea Hypotek AB
- Nordea Kredit Realkredit A/S

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