Financial

Nordic Credit Rating invites you to join our webinar focusing on our view of the Q2 2024 results and the outlook for the Nordic niche banks. We will cover banks' earnings, asset quality and capital, as well as recent events and trends for the sector. 

In addition, we'll discuss the recent announcements that Norway-based Lea Bank will move operations to Sweden as well as Morrow Bank's similar interest. We will also address Marginalen Bank's capital situation and the announcement that its owner company is working on refinancing capital instruments. 

• Read more about Webinar: Norwegian niche banks eye capital relief in Sweden (Q2 2024)

• Read more about Sparbanken Lidköping AB

Sparbanken Lidköping is a mid-sized Swedish savings bank, operating out of its main office in Lidköping Municipality in Västra Götaland County, with close connections to the Skaraborg region. The bank was established in 1834 and is wholly owned by Sparbankstiftelsen Lidköping, a foundation that receives dividends from the bank. 

• Read more about Haugesund Sparebank

Haugesund Sparebank is a mid-sized Norwegian savings bank operating on the Norwegian west coast in the Rogaland and Vestland regions. The bank dates back to 1928 and has merged with several local savings banks through the years.

• Read more about Odal Sparebank

Odal Sparebank was created in 1877 in Norway's Nord-Odal municipality and has since expanded its core market to the south and east. Odal Sparebank's primary market includes the Odal, Kongsvinger and Northern Romerike regions. The bank is a member of the Eika Alliance, an association of about 50 small and medium-sized Norwegian savings banks.

• Read more about Norwegian savings banks' capitalization boosted by CRR3

• Read more about NCR Comments: Resurs Bank 'BBB' rating and outlook unchanged following acquisition offer

• Read more about Credit loss uncertainty rises for Nordic consumer banks

• Read more about Credit loss uncertainty for niche banks as interest rates peak

• Read more about Askim & Spydeberg Sparebank

Askim & Spydeberg Sparebank is an independent Norwegian savings banks formed through the merger of Askim Sparebank and Spydeberg Sparebank in 2015. The merged entities date back to 1988 and 1859, respectively. Its core market is the northern region of Østfold county and the district of Follo. Retail customers, agricultural borrowers and SMEs account for its core customer base. The bank also owns a real estate agency. The largest owners are two foundations, which own most of the bank's equity capital certificates (ECCs).

Nordic Credit Rating invites you to our upcoming webinar focusing on our view of the Q1 2024 results for the Nordic niche banks. We will cover development in earnings, loss performance and capital, as well as loan and funding growth. Additional focus areas include the sluggish non-performing loan market, and the heightened regulatory pressure in Sweden.

• Read more about Webinar: Credit loss uncertainty for niche banks as interest rates peak