• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Further Bank Failures Likely In Denmark Jul 11 Product Image

Further Bank Failures Likely In Denmark Jul 11

  • Published: July 2011
  • Region: Denmark
  • Standard & Poors

FEATURED COMPANIES

  • Danske Bank A/S
  • Jyske Bank A/S
  • Nordea Bank AB
  • Nordea Bank Danmark A/S
  • Nykredit Realkredit A/S
  • Svenska Handelsbanken AB
  • MORE

Abstract
The fallout from Denmark's banking crisis is not yet over, according to Standard & Poor's Ratings Services. In fact, we believe that more Danish banks will fail due to commercial property and agricultural finance loan losses made during a short boom in 2005-2007. (Listen to the related podcast, "Why More Danish Banks Are Likely To Fail," published August 2, 2011). In our view, as many as 15 Danish banks could default, although we consider the likely cost to the country's remaining banks through direct exposure and a system-wide deposit insurance scheme to be manageable within our current rating expectations. In our base-case assumption, we estimate the gross loss due to additional bank failures to be Danish krona (DKK) 6 billion-DKK12...

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

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns READ MORE >

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

Note: Product cover images may vary from those shown

RELATED PRODUCTS