Nordic Credit Rating publishes amended Financial Institutions Rating Methodology
All affected issuers placed under criteria review.
Financial
Swedish savings banks steadfast amid increasing headwinds
Profitability likely to remain strong despite rising IT costs and lower interest rates.
NCR comments: Orkla Sparebank considers merger
Stronger position in Trondheim.
NCR comments: Skue Sparebank considers another merger
Strenghtened position in Telemark.
30 minuter om svenska sparbanker - våren 2025
Starka kapitalbuffertar en trygghet i en osäker omvärld.
RørosBanken Røros Sparebank
Rørosbanken is one of Norway's oldest savings banks, established in 1842. It operates as an independent savings bank via its headquarters in Røros, as well as a retail branch office in Oslo since 2006. Lending has traditionally been centred in Røros and the neighbouring mountainous region but currently constitutes a smaller portion of the portfolio as the bank has targeted growth in the metropolitan areas of Oslo and Trondheim. The bank is a member of the Eika Alliance, an association of close to 50 small and medium-sized Norwegian savings banks.
NCR comments: Norion Bank ’BB+’ rating unchanged following Balder proposal
Largest owner announces intention to distribute holdings as dividend.
Reminder: Webinars on proposed changes to Financial Institutions methodology
In Norwegian 20 Mar. and Swedish 21 Mar. 13.00
Sparebank 1 Gudbrandsdal
SB1 Gudbrandsdal dates back to 1860. The bank's core region covers seven municipalities in the central part of Norway's Innlandet county. The bank has a decentralised organisation spread across four branch offices in its core market. It employs 86 full-time equivalent employees and has total lending of NOK 15bn, including loans transferred to SB1 Alliance covered bond company SB1 Boligkreditt.