Nordic niche banks well-prepared for continued uncertainty in 2022
Increased regulatory focus and modest growth expected in 2022.
2022-outlook
ALL
Nordic consumer banks perform well in eventful third quarter
Underlying positive trends in asset quality and loan growth continue.
NorgesGruppen ASA
NorgesGruppen is a Norwegian grocery retail and wholesaling group which traces its origins back to 1866, when wholesaling company Joh. Johannson was established. The company is the market leader in grocery retail in Norway. It has stores in nine out of 10 municipalities. Its five grocery store chains are independent businesses which compete with each other. NorgesGruppen also runs delicatessens, bakeries, coffee shops, and a fast-food chain. The Johannson family controls the company, with a majority of the shares and votes.
Nordic Credit Rating publishes its proposed methodology for group and government support
Request for comment period ends 15 Nov. 2021.
Nordic banking assessments raised on reduced COVID threat
Earnings and asset quality remain robust as output and employment recover.
Nordic niche banks show improvement despite margin pressure
Niche banks show signs of moving on from the pandemic.
Nordax Bank moves forward with acquisition of Bank Norwegian
Transaction more likely after board approval.
Lerøy Seafood Group ASA
Lerøy traces its roots back to 1939 as a seafood wholesaler and exporter. It has evolved into an integrated international seafood supplier with four key segments: Farming, Value Added Processing, Sales and Distribution, and Wildcatch. The company owns a large share of the UK's Scottish Sea Farms Ltd. through a joint venture. Austevoll Seafood ASA gained majority ownership in 2008. Lerøy and Austevoll Seafood are both listed on the Oslo Stock Exchange.
NOBA Bank Group AB (publ)
NOBA Bank Group AB (publ) is a niche bank that specialises in consumer loans and credit cards in the Nordic region, Germany and Spain, non-standard mortgage loans in Sweden and Norway, and equity-release mortgages in Sweden.
Platzer Fastigheter Holding AB (publ)
Platzer is a Sweden-based commercial property management company, which owns, manages, and develops office and industrial/logistics properties in Gothenburg. Platzer is the largest manager of office property and the second-largest industrial/logistics property operator in Gothenburg (according to property data provider Datscha AB).