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Bank Industry Risk Analysis: Finland Jun 00
Standard & Poors, June 2000
Abstract
The Finnish economy has fared very well in recent years, and consequently the country's banks have benefited. The domestic real estate market is once more buoyant, and prices are driven by the relocation of the Finnish population to a handful of regional centers and in particular to the greater Helsinki area. Behind the change is the growth of service industries and companies like Nokia, Finland's world-leading company in mobile phone technology. Financial leverage in the Finnish economy continues to be modest in comparison with regional peers. One reason for the severe economic crisis in the early part of the 1990s was the rapid debt build-up that followed the deregulation of the credit market in 1986. The current boom has not...
Companies mentioned in this report are: Finland (Republic of),Leonia Corporate Bank PLC,Sampo Bank PLC,Nordea Bank Finland PLC,Pohjola Bank PLC,Nordea Bank Sweden AB,Nokia Corp.,Sampo PLC,Suomen Pankki,European Central Bank (Unsolicited Ratings)
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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