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Danske Bank A/S Dec 10 Product Image

Danske Bank A/S Dec 10

  • ID: 2024273
  • December 2010
  • Standard & Poors

Market leader in Denmark and strong franchise in Sweden, Norway, and Finland. Well diversified business and revenue streams. Widely-diversified funding base and strong liquidity. Diversification into riskier systems (Ireland, Northern Ireland, and to a lesser extent the Baltic states) has brought about significant asset-quality problems. Some continuing challenges, including in the small and midsize enterprise segment of the domestic market, combined with low margins. Weak capitalization. The ratings on Denmark-based Danske Bank A/S reflect its commanding position in Denmark and strong franchise in three of the other Nordic markets, its income diversification, well-diversified funding profile, and strong liquidity. The ratings are constrained by asset-quality problems in the domestic, Irish, and Northern Irish portfolios, as well as by the group's weak...

Companies mentioned in this report are:
- Danske Bank A/S
- Danica Pension Livsforsikringsaktieselskab

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

- Danske Bank A/S
- Danica Pension Livsforsikringsaktieselskab

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