SE

• Read more about Resurs Bank AB (publ)

Resurs Bank provides consumer loans via point-of-sale payment solutions for retail and e-commerce partners as well as direct marketing channels in Scandinavia. The bank was founded in 1977 and has had a Swedish banking licence since 2001. It has two main divisions – Payment Solutions and Consumer Lending – with the latter representing a growing share of lending and revenues, and focusing on larger loans. The Payment Solutions division acts in partnership with retailers and provides financing for large consumer goods and services.

• Read more about Fastighets AB Stenvalvet (publ)

Fastighets AB Stenvalvet (publ) was founded in 2010 when AI Pension, Alecta Pension foundation and the Church of Sweden's pension foundation joined together with the purpose of purchasing, developing and managing homes for the elderly in the Mälardalen region. Following the acquisition of Roxanne Real Estate Foundation AB in 2014, the ownership structure was broadened to include Kåpan Pensions and the Swedish Foundation for Strategic Research.

Following requests from market participants, NCR extend the comment period to 31 May 2019.

• Read more about NCR extends covered bond comment period to 31 May

The covered bond rating methodology focuses on Nordic covered bond issuers, national regulations and market characteristics.

• Read more about Nordic Credit Rating publishes its methodology for covered bonds

NCR views the credit outlook for Nordic utilities as stable supported by sustainable power generation and strong ownership. esg

• Read more about Sustainable power production supports the creditworthiness of Nordic utilities

The controversy surrounding Swedbank has received significant attention, NCR reviewed the impact for savings banks.

• Read more about Swedbank's controversy spills over to Swedish savings banks

NCR sees challenges ahead for consumer banks due to declining growth prospects, higher funding costs and higher losses.

• Read more about Rapidly growing and profitable niche banks face challenges

Our analysis suggests the issuers may have to refinance 2019 maturities at a premium from current levels.

• Read more about Nordic bond maturities in 2019 - a slightly more challenging affair

During spring, 2019, market participants will be invited to provide comments on the covered bond methodology.

• Read more about NCR expands coverage to covered bonds

• Read more about Sparbanken Västra Mälardalen

Rating withdrawn on 1 Sep. 2025 due to merger with then Sparbanken Rekarne, now Sparbanken Mälardalen.