Swedish savings banks well positioned for economic downturn in 2023
Higher interest rates offer earnings boost, offset by expected credit loss increase.
2023-outlook
Financial
Nordic consumer banks improve margins to offset higher loss provisions
Regional niche lenders’ margins improve as interest rates rise.
Jæren Sparebank
Jæren Sparebank was formed in 2015 from the merger of Klepp Sparebank and Time Sparebank, which dated back to 1923 and 1911, respectively. Today, Jæren Sparebank's main office is located in Bryne, while the bank also has offices located at Klepp, Varhaug and Ålgård. The bank operates as an independent savings bank and has equity capital certificates that trade on the Oslo Stock Exchange.
Danske Hypotek AB (publ) cover pool overview Q2 2022
Multi-family housing and commercial mortgages added during 2022.
Swedish savings banks end turbulent first half of 2022 in good shape
Interest rate increases yet to translate into higher margins.
Nordic consumer banks face higher financing costs
Regional niche lenders adapt to higher interest rates.
ESG factors in financial institution ratings
New section added to clarify ESG impact on ratings.
esg
NCR comments: Kredittforeningen for Sparebanker Q2 2022 report
Company planning to alter capital structure to adapt to EU's CRR2.
NCR comments: SpareBank 1 Østfold Akershus Q2 2022 report
Higher interest margins driven by rising interest rates and income.