Nordic consumer banks increase loss provisions amid rising cost of living
Strong Q4 earnings bolster regional niche lenders’ capital ratios.
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Salmon prices likely to remain strong due to low supply growth
Any increase in production costs will mostly be passed on to end-customers.
Eiendomskreditt AS
Eiendomskreditt was established in 1997 and is a regulated mortgage credit institution based in Bergen, Norway. The company is a specialised mortgage provider, financing commercial real estate for SME borrowers, multi-family rental housing, and housing association mortgages. The company has issued covered bonds in Norway since 2009 and received approval to issue European Covered Bond (Premium) covered bonds in 2022.
Sweden's real-estate sector faces growing challenges
Property value declines likely to add to financial risk.
2023-outlook
Nordic consumer banks improve margins to offset higher loss provisions
Regional niche lenders’ margins improve as interest rates rise.
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.