NCR Comments: Haugesund Sparebank 'BBB+' rating and outlook unchanged by postponement of merger
Delay follows credit losses of NOK 77m at Tysnes Sparebank.
Financial
Nordic Credit Rating's view on distressed exchanges
Clarification on defining distressed exchanges and defaults.
Voss Veksel- og Landmandsbank ASA
Vekselbanken is the last remaining Norwegian local commercial bank, with roots dating back to 1899. Its business model is, however, similar to those of domestic savings banks. The bank provides core banking services through its headquarters in Voss municipality in Vestland county and a branch in the smaller municipality of Eidfjord. The bank's primary market encompasses the Voss region and surrounding areas, with emphasis on retail customers and SMEs. Vekselbanken has been listed on the Oslo Stock Exchange since 1992 and is a member of the Eika Alliance.
Webinar: Norwegian niche banks eye capital relief in Sweden (Q2 2024)
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.
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.
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.
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.
Norwegian savings banks' capitalization boosted by CRR3
Regulatory changes expected to enhance competitiveness of small to medium-sized banks.
NCR Comments: Resurs Bank 'BBB' rating and outlook unchanged following acquisition offer
De-listing possible following joint offer from private equity firm and largest owner.
Credit loss uncertainty rises for Nordic consumer banks
Elevated credit losses level off but interest margins continue declining.