SE

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. 

• Read more about Webinar: Pressure rising for Nordic niche banks

Exceptional capital ratios and earnings buffers could counter economic turbulence.

• Read more about Swedish savings banks face weaker earnings and low loan growth in 2024

• Read more about Sparbanken Skaraborg AB (publ)

Sparbanken Skaraborg is one of Sweden's largest savings banks in terms of total business volumes (including transferred loans and savings). The bank operates primarily in four municipalities in the county of Västra Götaland in southwestern Sweden; Skara, Vara, Essunga, and Götene. The bank is also active in other areas of what was previously Skaraborg county, including the municipalities of Falköping, Skövde and Mariestad. The bank was established in 1847 and is wholly owned by Sparbanksstiftelsen Skaraborg, a foundation that receives dividends from the bank.

• Read more about 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.

Lending to corporates outpaces mortgage growth, which remains exceptionally low.

• Read more about High interest rates generate strong first-half earnings for Swedish savings banks

• Read more about 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.

Earnings performance adds buffer for high loan-loss provisions.

• Read more about Nordic consumer banks' earnings compensate elevated credit losses

Q1 performance confirms trends of previous quarter, while NPL metrics rise slightly.

• Read more about Nordic consumer banks' loss provisions remain elevated

All corporates with ratings on outstanding senior unsecured instruments placed 'Under Criteria Review'.

• Read more about Nordic Credit Rating publishes final amendments to issue rating methodology for corporate issuers

Strong Q4 earnings bolster regional niche lenders’ capital ratios.

• Read more about Nordic consumer banks increase loss provisions amid rising cost of living