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Danske Bank A/S Nov 08 Product Image

Danske Bank A/S Nov 08

  • ID: 2024294
  • November 2008
  • Standard & Poors

FEATURED COMPANIES

  • Danske Bank A/S
  • Danske Bank PLC
  • MORE

Abstract
Strong leader in most segments of the Danish market Significant retail-banking franchise in Sweden, Norway, Ireland, and Finland Conservative risk management, advance risk-control systems, and sound overall asset quality Solid underlying profitability Sharp slowdown in domestic and Irish housing market and economy is impairing asset quality Very low margins in the domestic market hinder profitability Rapid expansion through acquisitions in foreign markets (Ireland, Finland) requires substantial investment and management attention Modest capitalization The ratings on Denmark-based Danske Bank A/S reflect its commanding position in the Danish market, conservative risk management, currently good asset quality, and solid underlying profitability. They are supported by growing retail-banking franchises in Sweden, Finland, and Norway. The ratings are constrained by rapidly deteriorating asset quality in...

Companies mentioned in this report are:
- Danske Bank A/S
- Danske Bank PLC
- 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

Note: Product cover images may vary from those shown

- Danske Bank A/S
- Danske Bank PLC
- Danica Pension Livsforsikringsaktieselskab

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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