The pressure is rising for Nordic consumer banks
Credit losses and non-performing loans rose in the fourth quarter of 2023.
NO
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.
Norske fylker under press fra økte kostnader
Kostnadsinflasjon og høye investeringsbehov legger press på fylkesbudsjetter.
Norwegian savings banks face margin squeeze in 2024
Non-core earnings contribute to profit growth
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
Fredrikstad Energi, which can trace its roots back to 1895, is a Norwegian power distribution system owner and operator serving over 100,000 customers in seven municipalities located in four of the country's regions through subsidiary Norgesnett. The company also holds stakes in infrastructure service companies and energy retailers, although the grid business dominates revenues and earnings generation. The company is owned by Fredrikstad municipality (51%) and Hafslund (49%), which is wholly owned by Oslo municipality.
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.
Nordic consumer banks' earnings compensate elevated credit losses
Earnings performance adds buffer for high loan-loss provisions.