The pressure is rising for Nordic consumer banks
Credit losses and non-performing loans rose in the fourth quarter of 2023.
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Norwegian farmed salmon prices likely to remain strong
Domestic currency appreciation could still hurt producers.
Webinar: Pressure rising for Nordic niche banks
Nordic Credit Rating invites you to our upcoming webinar focusing on our expectations for Nordic niche banks following their end-year results. Join us for a discussion of capital and earnings performance, rising credit risks and how hiccups in the non-performing debt market could affect niche banks' performance in 2024.
- Time and place: Webinar Teams - 13 March at 13:00-13.45
- Registration: event has ended.
The presentation will be held by NCR analysts Sean Cotten and Ylva Forsberg with an opportunity for Q&A.
Norwegian counties face financial strain amid rising costs
Cost inflation and elevated investment needs put pressure on county budgets.
Webinar: What drives credit quality among Nordic local and regional governments?
Nordic Credit Rating invites you to our upcoming webinar focusing on Nordic local and regional governments. Join us for an insightful session where we unveil our new rating methodology and share our views of the institutional frameworks and credit characteristics of local and regional governments across the Nordics.
Whether you are a government official, investor, or banking professional, this event will provide you with a better understanding of our rating approach and current views.
Swedish real estate sector adapts to tougher financing climate
Pressure on interest coverage ratio set to decline; but vacancy risks are mounting.
Sparbanken Alingsås AB
Sparbanken Alingsås is one of Sweden's largest savings banks in terms of total business volumes (including transferred loans, plus external and other off-balance-sheet products). The bank operates in four municipalities in the county of Västra Götaland in southwestern Sweden; Alingsås, Lerum, Herrljunga, and Vårgårda, with a minor presence in nearby Gothenburg, the country's second-largest city. Together, the four core markets have just over 100,000 inhabitants, many of whom commute into Gothenburg.
Nordic consumer banks increase credit losses
Strong margins continue to support earnings performance.
Norwegian mid-size savings banks maintain growth in a competitive market
Loans grow in line with the market; deposits prove more stable.
Fredrikstad Energi AS
The rating was withdrawn on 19 Dec. 2024.