NCR comments: Kredittforeningen for Sparebanker 2019Q2 report
Our 'A-' issuer and issue ratings for Kredittforeningen for Sparebanker (KfS) are unchanged following its mid-year 2019 results.
Financial
NCR comments: Resurs Bank 2019Q2 report
Our 'BBB-' issuer and issue ratings for Resurs Bank AB are unchanged following its mid-year 2019 results.
Increase in norwegian property tax would likely reduce supply and raise housing costs
Newcomers to the homeownership market would bear the greatest burden.
Nordic Credit Rating publishes its final methodology for covered bonds
NCR is now able to assign ratings to covered bond instruments.
NCR comments on proposed changes to Norwegian banks' capitalisation requirements
We had expected, in line with signals from Norwegian FSA, that the authorities would implement higher Pillar 2 requirements for individual banks.
Nordic niche consumer banks face regulatory headwinds
Nordic niche banks focusing on unsecured consumer lending have recently encountered headwinds from regulators and in the stock market.
Has Nordic bank creditworthiness reached its peak?
With an average credit assessment of 'bbb+' for the fifth year in a row, a sample of over 300 Nordic banks demonstrated stable creditworthiness in 2018.
Resurs Bank AB (publ)
Resurs Bank provides consumer loans via point-of-sale payment solutions for retail and e-commerce partners as well as direct marketing channels in Scandinavia. The bank was founded in 1977 and has had a Swedish banking licence since 2001. It has two main divisions – Payment Solutions and Consumer Lending – with the latter representing a growing share of lending and revenues, and focusing on larger loans. The Payment Solutions division acts in partnership with retailers and provides financing for large consumer goods and services.
NCR extends covered bond comment period to 31 May
Following requests from market participants, NCR extend the comment period to 31 May 2019.
NCR comments: Sparbanken Rekarne 2019Q1 report
Our 'A-' issuer and issue ratings for Sparbanken Rekarne are unchanged following its first quarter 2019 results.