High interest rates generate strong first-half earnings for Swedish savings banks
Lending to corporates outpaces mortgage growth, which remains exceptionally low.
SE
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.
Nordic consumer banks' earnings compensate elevated credit losses
Earnings performance adds buffer for high loan-loss provisions.
Nordic consumer banks' loss provisions remain elevated
Q1 performance confirms trends of previous quarter, while NPL metrics rise slightly.
Nordic Credit Rating publishes final amendments to issue rating methodology for corporate issuers
All corporates with ratings on outstanding senior unsecured instruments placed 'Under Criteria Review'.
Nordic consumer banks increase loss provisions amid rising cost of living
Strong Q4 earnings bolster regional niche lenders’ capital ratios.
Soaring energy prices increase financial significance of green investments
Efforts to reduce purchased energy likely to remain relevant through 2023.
esg
Swedish savings banks well positioned for economic downturn in 2023
Higher interest rates offer earnings boost, offset by expected credit loss increase.
2023-outlook
Nordic consumer banks improve margins to offset higher loss provisions
Regional niche lenders’ margins improve as interest rates rise.