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Bank Industry Risk Analysis: Resilient Finnish Banks Continue To Thrive In Booming Economy Oct 07
Standard & Poors, Oct 2007
Abstract
Solid economic fundamentals Highly competitive, export-oriented economy, with little apparent systemic risk High concentration Consistent profitability Good capitalization Prudent and dynamic regulation and supervision Increased reliance on short-term and floating-rate financing Limited diversity in corporate sector Vulnerability of Finnish economy to global demand developments The financial strength of the banking system in the Republic of Finland remains robust. The country's three large financial institutions are either part of pan-Nordic groups or highly diversified and continue to report high profitability, underpinned by solid revenues and extremely low loan losses. As in other Nordic countries, the banking industry is highly concentrated, with the top three financial institutions accounting for 90% of financial assets. Finland has a very competitive, open, and diversified economy,...
Companies mentioned in this report are: Finland (Republic of),Sampo Bank PLC,Nordea Bank Finland PLC,Pohjola Bank PLC
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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