Nordic Credit Rating proposes revisions to Financial Institutions Rating Methodology
Interested parties are invited to comment by 7 April 2025.
Financial
Nordic niche banks navigate through winds of change
Changes are underway throughout the sector.
Sparebank 68º Nord
Sparebank 68° Nord is an independent Norwegian savings bank formed through the mergers of Ofoten Sparebank, Lofoten Sparebank and Harstad Sparebank during 2019 and 2020, and with roots back to 1899. The bank operates through seven offices located along latitude 68° north in Nordland and Troms counties. Sparebank 68° Nord is a member of Lokalbanksamarbeidet banking cooperative, which consists of small and medium-sized local savings banks.
30 minutes on Nordic niche banks – Q4 2024 reports
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NCR comments: Norion Bank's 'BB+' rating unchanged following news on AML investigation
Swedish regulator asks for a statement as investigation uncovers potential breach.
NCR Comments: Ratings for Swedish savings banks unchanged after Swedbank's revised dividend policy
We expect a higher payout ratio to further enhance capital for savings banks with shares in Swedbank.
Lower interest margin will lead to a drop in profitability for Norwegian savings banks
Norwegian savings banks resilient to increased credit losses.
Skudenes & Aakra Sparebank
Skudenes & Aakra Sparebank is a mid-size Norwegian savings bank dating back to 1876. The bank operates through its headquarters in Åkrehamn and four additional offices in Haugalandet, a region in Rogaland county. Karmøy and some neighbouring municipalities make up the bank's core markets, while retail customers and SMEs account for its core customer base. The bank operates as an independent savings bank and has unlisted Equity Capital Certificates.
Svenska Skeppshypotekskassan
Svenska Skeppshypotek was founded in 1929 and finances shipping activities conducted by Swedish shipping companies or by a foreign legal entities where Swedish individuals or legal entities have significant influence. The company is fully owned by the Swedish government and its operations are governed by the Skeppshypotek law from 1980.
Lillesands Sparebank
Lillesands Sparebank is a small-sized savings bank headquartered in Lillesand, Norway. The bank dates back to 1852 and merged with Vestre Moland Sparebank in 1968. It primarily serves the retail customers of Lillesand municipality and neighbouring municipalities and offers several financial services to household and corporate borrowers. These services include savings accounts, loans, mortgages, insurance, leasing and investment services. Lillesands Sparebank is a member of Lokalbanksamarbeidet banking cooperative.