ECB guidance dampens prospects for Nordic bank dividends
Permissible payments in 2021 likely to be well below 2019 levels.
Financial
Significant risks remain for Nordic niche banks
Losses on the rise, but earnings and support packages provide buffers.
2021-outlook
covid-19
Swedish savings banks face uncertain 2021
Potential Swedbank dividend could offset higher loan losses.
2021-outlook
covid-19
Norwegian savings banks braced for new challenges in 2021
Sector well capitalised with good access to stable funding.
2021-outlook
covid-19
NCR comments: Sparbanken Rekarne AB (publ) Q3 2020 report
Our 'A-' issuer and issue ratings on Sparbanken Rekarne AB (publ) are unchanged following the publication of the bank's third-quarter results.
Sörmlands Sparbank AB (publ)
Sörmlands Sparbank was founded in 1832 as Nyköpings Sparbank and took its current form via a 1991 merger and the 1998 acquisition of five local bank offices as part of the creation of Föreningssparbanken (now Swedbank AB). Operating from Katrineholm in Södermanland county, it extends its services to Nyköping, Flen, Vingåker, and Oxelösund. These communities have a total of about 130,000 inhabitants.
NCR comments: Sparbanken Västra Mälardalen Q3 2020 report
Our 'BBB+' issuer and issue ratings on Sparbanken Västra Mälardalen are unchanged following the publication of its third-quarter results.
NCR comments: Kredittforeningen for Sparebanker Q3 2020 report
Our 'A-' issuer and issue ratings on Kredittforeningen for Sparebanker (KfS) are unchanged following the publication of its third-quarter 2020 results.
NCR comments: SpareBank 1 Østfold Akershus Q3 2020 report
Our 'A' issuer and issue ratings on SpareBank 1 Østfold Akershus (SB1 Østfold Akershus) are unchanged following the publication of its third-quarter 2020 results.
NCR comments: Resurs Bank AB (publ) Q3 2020 report
Our 'BBB-' issuer and issue ratings on Resurs Bank AB are unchanged following the publication of Resurs Holding's third-quarter results.