Norwegian mid-size savings banks stand strong in turbulent 2022
Large capital buffers and improved earnings offset expected higher loan losses.
Financial
Eiendomskreditt AS
Eiendomskreditt was established in 1997 and is a regulated mortgage credit institution based in Bergen, Norway. The company is a specialised mortgage provider, financing commercial real estate for SME borrowers, multi-family rental housing, and housing association mortgages. The company has issued covered bonds in Norway since 2009 and received approval to issue European Covered Bond (Premium) covered bonds in 2022.
Norwegian savings banks carry positive momentum into 2023
Sector in good condition to deal with harsher economic conditions.
2023-outlook
Swedish savings banks well positioned for economic downturn in 2023
Higher interest rates offer earnings boost, offset by expected credit loss increase.
2023-outlook
Nordic consumer banks improve margins to offset higher loss provisions
Regional niche lenders’ margins improve as interest rates rise.
Jæren Sparebank
Jæren Sparebank was formed in 2015 from the merger of Klepp Sparebank and Time Sparebank, which dated back to 1923 and 1911, respectively. Today, Jæren Sparebank's main office is located in Bryne, while the bank also has offices located at Klepp, Varhaug and Ålgård. The bank operates as an independent savings bank and has equity capital certificates that trade on the Oslo Stock Exchange.
Danske Hypotek AB (publ) cover pool overview Q2 2022
Multi-family housing and commercial mortgages added during 2022.
Swedish savings banks end turbulent first half of 2022 in good shape
Interest rate increases yet to translate into higher margins.
Nordic consumer banks face higher financing costs
Regional niche lenders adapt to higher interest rates.