SE

• Read more about Södra Skogsägarna ekonomisk förening

Södra is a leading Swedish forestry cooperative and exporter. It was founded in 1938 following a merger of regional forestry associations in southern Sweden, where most of its forests are still located. Södra has over 50,000 associate members. The company is organised into five segments: Cell, Wood, Skog (Forest), Innovation and Others. Cell produces pulp and co-generated electricity and Wood manufactures sawn wood and related products. Skog is effectively a trading company, buying timber from associate members.

• Read more about Norion Bank AB (publ)

Norion Bank is a niche lender that provides financing solutions to retail and corporate customers. It obtained its banking licence in 2015. Norion Bank's main owner since 2011 has been property developer Erik Selin (including affiliated companies). The bank's main geographic markets are Sweden, Finland and Norway. Norion Bank offers lending to SMEs and consumers. The business is organised into four divisions: Private, Payments, Corporate, and Real Estate.

Regional frameworks likely to remain in place as EU screening criteria take shape. esg

• Read more about Nordic property managers face green crossroads

Retail and hotels take the biggest hit amid gains in residential and logistics. covid-19

• Read more about Nordic property values skewed by COVID-19

Loan to value levels declined and the share of fixed interest rates increased during the second half of 2020.

• Read more about Danske Hypotek AB (publ) cover pool overview Q4 2020

Loan loss provisions appear to have peaked, but customer defaults could increase.

• Read more about Nordic niche banks enter 2021 unscathed

Sector weathers pandemic despite higher credit losses. covid-19

• Read more about The Swedish banking market 2021

• Read more about Stendörren Fastigheter AB (publ)

Stendörren is a commercial real estate company focusing on properties near central Stockholm and other urban centres in Sweden's Mälardalen region. The company was created when real estate management company Kvalitena AB's warehouse, logistics and light industry property portfolio was organised as a stand-alone company in 2014. Stendörren has two share classes, A and B, with the latter listed on the Nasdaq Stockholm exchange since 2014. Since November 2018, private equity company EQT AB (publ) (EQT) has indirectly controlled 41% of the shares and 58% of the votes in Stendörren.

Permissible payments in 2021 likely to be well below 2019 levels.

• Read more about ECB guidance dampens prospects for Nordic bank dividends

The pandemic has accentuated the differences between segments. 2021-outlook covid-19

• Read more about Sweden’s property sector faces mixed outlook for 2021