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Bank Industry Risk Analysis: Norway Feb 99
Standard & Poors, Feb 1999
Abstract
Five years of strong economic growth has seen the Norwegian banking industry regain most of its precrisis vigor. The growth, triggered by oil industry exports in 1993 but also supported by large public-sector investments, has allowed both the corporate and the private sectors to improve their performance, resulting in asset quality in Norwegian banks improving greatly and many banks reporting net write-backs in the past two years. The primary areas of remaining concern are Norway's (Kingdom of) high dependency on its oil industry and the fact that lending, in particular to the corporate sector, has been strong in 1997 and 1998. Additional risk may be added to institutions with large exposures to the shipping industry, which has a history of...
Companies mentioned in this report are: Norges Kommunalbank,Norway (Kingdom of),Nordea Bank Norge ASA,Danske Bank A/S,Eksportfinans ASA,DNB Bank ASA,Gjensidige,Den norske Bank ASA,Storebrand Insurance Group,Norges Bank,Storebrand ASA,Gjensidige Kredittforsikring A/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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