Nordic consumer banks increase credit losses
Strong margins continue to support earnings performance.
ALL
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The rating was withdrawn on 19 Dec. 2024.
Skue Sparebank
Skue Sparebank was formed in 2013 from the merger of Nes Prestegjelds Sparebank and Hol Sparebank, after which it merged with Hønesfoss Sparebank in 2020. Today, the bank has 10 offices spread across most of Buskerud County. The bank is a member of the Eika alliance. It has equity capital certificates that trade on the Oslo Stock Exchange.
Orkla Sparebank
Orkla Sparebank is an independent savings bank located in Orkland municipality. The bank's origins date back to 1841 and it was formed after the merger of the neighbouring savings banks, Orkdal Sparebank and Meldal Sparebank, in October 2017. Today, the bank has seven offices spread over Trøndelag County and its primary market is located in the municipalities of Orkland, Rennebu, Skaun and Trondheim.
Unregulated Nordic power producers well positioned to capitalise on higher prices
Electrification and industrial projects likely to fuel demand.
The Swedish real estate sector– waiting for sunshine after the rain
Policy rate peak in sight, but property value uncertainty remains.
AB Transitio
Transitio was founded in 1999 by six of Sweden's 21 counties, when county-level traffic authorities were charged with running the country's regional railways, with the purpose of centralising acquisition and financing of rolling stock on behalf of the respective counties' regional public transport companies. The company also provides rolling stock support services and carries out heavy maintenance. Since restructuring in 2012, Transitio has been owned directly and indirectly by 20 Swedish counties (excluding the island county of Gotland), with each owner holding a 5% ownership stake.
Webinar: Challenging times for real estate companies
On 28 Sep 2023, Nordic Credit Rating publishes a sector commentary on the real estate sector. In connection with this publication, the analytical team will present their view of the sector and its outlook.
Time and place: Teams Online - 28 September at 14:00-14:30 CET.
Registration: Click here.
Please note that the webinar will be held in Swedish.
Nordic consumer banks' earnings compensate elevated credit losses
Earnings performance adds buffer for high loan-loss provisions.