Positive Outlook reflects material potential upside to business model following proposed merger with SpareBank 1 Ostlandet

Scope Ratings has updated its analytical report on Totens Sparebank, rated A- with Stable Outlook.

The rating reflects the Norwegian savings bank's strong market position in its local area and stable operating performance, with sound asset quality and capital metrics.

Scope Ratings has updated its analytical report on Totens Sparebank, rated A- with Stable Outlook.

The rating continues to reflect the Norwegian savings bank's strong market position in its local area, solid earnings and sound prudential metrics while the reliance on market funding is a risk.

Scope Ratings has updated its analytical report on Totens Sparebank, rated A- with Stable Outlook.

The rating continues to reflect the Norwegian savings bank's strong market position in its local area, resilient earnings and sound solvency metrics while the reliance on market funding is a risk.

Rating upgrade reflects new seniority ranking in updated creditor hierarchy and is in line with Scope’s bank rating methodology.

Following the affirmation of ratings on 13 November 2020, Scope has updated its issuer report on Totens Sparebank, rated A- with Stable Outlook.

The rating continues to reflect the bank's strong market position in its local market in south-east Norway, resilient earnings and sound solvency metrics while the reliance on market funding is a risk.