High interest rates generate strong first-half earnings for Swedish savings banks
Lending to corporates outpaces mortgage growth, which remains exceptionally low.
Financial
Danske Hypotek AB (publ) cover pool overview Q2 2023
Increased multi-family housing loans in the cover pool in Q2 2023.
Eiendomskreditt AS cover pool overview Q2 2023
Recent declines in property values have increased loan to value.
Nordic consumer banks' earnings compensate elevated credit losses
Earnings performance adds buffer for high loan-loss provisions.
Webinar: Norwegian savings banks
On 28 Aug 2023, Nordic Credit Rating publishes a sector commentary on Norwegian savings banks. In connection with this publication, the analytical team will present their view of the banks and the market, seen in the light of the recently published half-year results.
Please note that the webinar will be held in Norwegian.
Nordic consumer banks' loss provisions remain elevated
Q1 performance confirms trends of previous quarter, while NPL metrics rise slightly.
Nordic consumer banks increase loss provisions amid rising cost of living
Strong Q4 earnings bolster regional niche lenders’ capital ratios.
Norwegian mid-size savings banks stand strong in turbulent 2022
Large capital buffers and improved earnings offset expected higher loan losses.
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