The Positive Outlook reflects an improved capital position and liquidity profile as well as consistent prioritisation of risk-adjusted returns.

Rating affirmation reflects the bank’s robust profitability despite increased credit costs, sound solvency position and adequate funding profile.

The rating affirmation reflects Scope's expectation that the bank's operating performance will remain resilient in a less benign business cycle

Issuer rating of BBB reflects the Norwegian bank's focused real estate and corporate financing business and sound financial profile