Swedish real estate sector adapts to tougher financing climate
Pressure on interest coverage ratio set to decline; but vacancy risks are mounting.
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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The rating was withdrawn on 19 Dec. 2024.
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.