NCR comments: Kredittforeningen for Sparebanker 2019Q1 report
Our 'A-' issuer and issue ratings for Kredittforeningen for Sparebanker (KfS) are unchanged following its Q1 results.
Financial
NCR comments: Sparbanken Västra Mälardalen 2019Q1 report
Our 'BBB+' issuer and issue ratings for Sparbanken Västra Mälardalen (SBVM) are unchanged following its 2019Q1 results.
NCR comments: SpareBank1 Østfold Akershus 2019Q1 report
Our 'A' issuer and issue ratings for SpareBank 1 Østfold Akershus are unchanged following the its Q1/19 results.
Bigger is better among Norwegian savings banks
In preparing this report Nordic Credit Rating (NCR) looked at shifts in the different elements of the sector's profit and loss ...
Nordic Credit Rating publishes its methodology for covered bonds
The covered bond rating methodology focuses on Nordic covered bond issuers, national regulations and market characteristics.
Swedbank's controversy spills over to Swedish savings banks
The controversy surrounding Swedbank has received significant attention, NCR reviewed the impact for savings banks.
Rapidly growing and profitable niche banks face challenges
NCR sees challenges ahead for consumer banks due to declining growth prospects, higher funding costs and higher losses.
Nordic bond maturities in 2019 - a slightly more challenging affair
Our analysis suggests the issuers may have to refinance 2019 maturities at a premium from current levels.
NCR comments: Sparbanken Rekarne 2018Q4 report
Our 'A-' issuer and issue ratings for Sparbanken Rekarne are unchanged following the publication of its 2018 results.
Kredittforeningen for Sparebanker
KfS is a licenced credit institution providing medium- and long-term senior loans to Norwegian savings banks. Established in 2004 by Eiendomskreditt AS and 49 savings banks, it serves as a vehicle for small savings banks with limited access to the bond market. Through a green bond initiative, KfS also allows banks to offer green loans and attract new investors. The company is organised as a credit association and is operated according to cooperative principles.