Strengths:
• Market leader in Denmark and strong franchise in Sweden, Norway, and
Finland.
• Well diversified business and revenue streams.
• Widely-diversified funding base and strong liquidity.
Counterparty Credit Rating
A/Negative/A-1
Nordic National Scale Rating
--/--/K-1
Weaknesses:
• Diversification into riskier systems (Ireland, Northern Ireland, and to a lesser extent the Baltic states) has brought
about significant asset-quality problems.
• Some continuing challenges, including in the small and midsize enterprise segment of the domestic market,combined with low margins.
• Weak capitalization.