NCR comments: Varbergs Sparbank AB (publ) Q3 2020 report
Our 'A-' issuer and issue ratings on Varbergs Sparbank AB (publ) are unchanged following the publication of its third-quarter results.
Financial
Swedish government overshoots target with bank tax proposal
Country already well prepared for any future financial crisis.
Nordic non-performing loans set to accumulate if COVID-19 continues unabated
Niche banks offering unsecured consumer loans likely to bear the brunt.
covid-19
Danish banking sector outlook to stable from negative
Rating action reflects gentler recovery than previously expected.
covid-19
Swedish banking sector outlook to stable from negative
The outlook revision reflects our expectations for a gentle recovery amid better preparations for any resurgence of COVID-19.
covid-19
Norwegian banking sector outlook to stable from negative
The outlook revision reflects our higher expectations for housing prices, employment, and the international cycle.
covid-19
Varbergs Sparbank AB (publ)
Varbergs Sparbank is one of Sweden's larger savings banks and operates in and around Varberg in the Halland region of south Sweden. The bank is owned by a foundation which receives part of the bank's profit as dividends. These are reinvested in the bank's area of operations to support the local community and various associations in the Varberg region. In partnership with Swedbank AB, Varbergs Sparbank benefits from diverse products, shared IT costs, and retail mortgage financing via Swedbank Hypotek AB.
Danske Hypotek AB (publ) cover pool overview Q2 2020
Our 'A' issuer rating and 'AAA' covered bond ratings on Danske Hypotek AB (publ) are unchanged following the publication of its second-quarter 2020 results
and receipt of updated cover pool details.
NCR comments: Danske Hypotek AB (publ) Q2 2020 report
Our 'A' issuer rating and 'AAA' covered bond ratings on Danske Hypotek AB (publ) are unchanged following the publication of its second-quarter 2020 results.
NCR comments: Sparbanken Västra Mälardalen 2020Q2 report
Our 'BBB+' issuer and issue ratings on Sparbanken Västra Mälardalen are unchanged following the publication of its second-quarter results.