Nordic consumer banks improve margins to offset higher loss provisions
Regional niche lenders’ margins improve as interest rates rise.
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Jæren Sparebank
Jæren Sparebank was formed in 2015 from the merger of Klepp Sparebank and Time Sparebank, which dated back to 1923 and 1911, respectively. Today, Jæren Sparebank's main office is located in Bryne, while the bank also has offices located at Klepp, Varhaug and Ålgård. The bank operates as an independent savings bank and has equity capital certificates that trade on the Oslo Stock Exchange.
Atea ASA
Atea was originally founded as Merkantildata in 1968. In its current form, the company was formed through a merger of large Nordic IT infrastructure providers and the subsequent acquisition of 50 IT companies between 2006 and 2015. Atea is a key hardware and software reseller and service provider in the Nordic and Baltic countries. The company is a market leader in regional IT and is currently the third-largest such company in Europe. Atea collaborates with major global IT companies such as Microsoft, Apple, and Cisco.
Interest rate concerns hang over Swedish real estate sector
Challenges financial rather than operational as likelihood of recession increases.
Nordic Credit Rating publishes its proposed methodology for investment holding companies
Request for comment period ends 7 Oct. 2022.
Nordic consumer banks face higher financing costs
Regional niche lenders adapt to higher interest rates.
ESG factors in financial institution ratings
New section added to clarify ESG impact on ratings.
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Overview of environmental reporting among NCR-rated real-estate companies
Stakeholder demand increases importance of robust environmental reporting.
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OBOS BBL
OBOS is a Norway-based residential developer, owned by its over 500,000 members in Norway and Sweden. The company's primary focus is residential development in Norway and Sweden, but it also provides property management and advisory services for housing cooperatives and owns strategic equity investments. In addition, it is a sizable commercial real-estate manager through its OBOS Eiendom subsidiary and operates a regulated bank (OBOS-banken AS), with its member homeowners as the bank's primary customer base.
Nordic consumer banks report steady first-quarter 2022 results
Regional niche lenders continue to sell non-performing portfolios.