Norway
Apr 11th, 2013
Eika Boligkreditt has responded to stricter capital requirements proposed by the country’s ministry of finance by increasing its capital targets, in relation to which it will seek approval to issue up to Nkr600m of new subordinated debt, it announced today (Thursday).
Posted in Norway
Tags: Norway
Apr 4th, 2013
Eika Boligkreditt, formerly known as Terra BoligKreditt (TBK), posted a 240% rise in pre-tax profit in 2012 following an increase in lending activities and in margins on lending, according to an official at the Norwegian issuer.
Posted in Norway
Tags: Eika Boligkreditt, Norway, Norwegian, Terra BoligKreditt
Mar 14th, 2013
A proposal by the Norwegian Financial Supervisory Authority (Finanstilsynet) to tighten risk weights for residential mortgages is credit positive as it would press Norwegian banks to further strengthen their capital bases, Moody’s said on Monday.
Posted in Norway
Tags: Finanstilsynet, Moody's, Norway, Norwegian Financial Supervisory Authority, Norwigian
Mar 14th, 2013
DNB today (Thursday) became the first European issuer to sell a US targeted benchmark covered bond this year, after SEB yesterday placed an inaugural, $1.25bn five year senior unsecured deal as dollars offered high quality Yankee names better terms than euros.
Posted in Norway, Sweden
Tags: DNB Boligkreditt, Norway, Norwegian, SEB, Skandinaviska Enskilda Banken (SEB), Sweden, Swedish
Mar 7th, 2013
Moody’s downgraded the ratings of SpareBank 1 Nord-Norge and Sparebanken Hedmark from A1 to A2 on Monday, but confirmed the A2 ratings of SpareBank 1 SMN and SpareBank 1 SR-Bank, citing a weakening of the SpareBank 1 Alliance.
Posted in Norway
Tags: Moody's, Norway, Norwegian
Mar 7th, 2013
Norway’s FSA appears to have come out in favour of a bank-by-bank approach to assessing risks associated with covered bond issuance, according to feedback given to the ministry of finance, while Norges Bank has opposed giving covered bond companies regular access to its liquidity facilities.
Posted in Norway
Tags: Finanstilsynet, Norges Bank, Norway, Norwegian
Feb 21st, 2013
SpareBank 1 SMN paid up to sell an inaugural fixed rate euro senior unsecured transaction last Thursday (14 February), but hopes that the spread between it and its Norwegian peers will narrow over time after an encouraging investor reception, said an official at the issuer.
Posted in Norway
Tags: Norway, Norwegian, SpareBank 1 SMN
Feb 21st, 2013
Fitch affirmed the ratings of Norway’s Sparebanken on Tuesday, saying that their current ratings of A or A- reflect the sound asset quality and good capital and leverage ratios of the banks.
Posted in Norway
Tags: Norway, Norwegean, SpareBank 1 SR, Sparebanken, Sparebanken Vest, Sparebanken Vest Boligkreditt
Feb 21st, 2013
Norway’s Fana Sparebank obtained its first issuer rating on Wednesday, Baa2 from Moody’s, as its seeks to obtain a rating of covered bonds issued by its Boligkreditt subsidiary in a bid to improve domestic capital market access and funding costs, according to the bank’s CFO.
Posted in Norway
Tags: Fana, Norway, Norwegean, Sparebank
Feb 14th, 2013
Moody’s changed its outlook on Norway’s banking system from negative to stable yesterday (Wednesday) as a result of improved and above euro-area growth forecasts, but also noted that Norwegian banks’ high reliance on wholesale funding could expose them to market volatility.
Posted in Norway
Tags: Moody's, Norway, Norwegean