Swedish savings banks face weaker earnings and low loan growth in 2024
Exceptional capital ratios and earnings buffers could counter economic turbulence.
SE
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.
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.
High interest rates generate strong first-half earnings for Swedish savings banks
Lending to corporates outpaces mortgage growth, which remains exceptionally low.
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