Financial

• Read more about 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. The Payment Solutions division acts in partnership with retailers and provides financing for large consumer goods and services.

Following requests from market participants, NCR extend the comment period to 31 May 2019.

• Read more about NCR extends covered bond comment period to 31 May

Our 'A-' issuer and issue ratings for Sparbanken Rekarne are unchanged following its first quarter 2019 results.

• Read more about NCR comments: Sparbanken Rekarne 2019Q1 report

Our 'A-' issuer and issue ratings for Kredittforeningen for Sparebanker (KfS) are unchanged following its Q1 results.

• Read more about NCR comments: Kredittforeningen for Sparebanker 2019Q1 report

Our 'BBB+' issuer and issue ratings for Sparbanken Västra Mälardalen (SBVM) are unchanged following its 2019Q1 results.

• Read more about NCR comments: Sparbanken Västra Mälardalen 2019Q1 report

Our 'A' issuer and issue ratings for SpareBank 1 Østfold Akershus are unchanged following the its Q1/19 results.

• Read more about NCR comments: SpareBank1 Østfold Akershus 2019Q1 report

In preparing this report Nordic Credit Rating (NCR) looked at shifts in the different elements of the sector's profit and loss ...

• Read more about Bigger is better among Norwegian savings banks

The covered bond rating methodology focuses on Nordic covered bond issuers, national regulations and market characteristics.

• Read more about Nordic Credit Rating publishes its methodology for covered bonds

The controversy surrounding Swedbank has received significant attention, NCR reviewed the impact for savings banks.

• Read more about Swedbank's controversy spills over to Swedish savings banks

NCR sees challenges ahead for consumer banks due to declining growth prospects, higher funding costs and higher losses.

• Read more about Rapidly growing and profitable niche banks face challenges