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

The rating affirmation reflects continued robust operating and financial performance.

Scope Ratings has updated its issuer rating report on Sandnes Sparebank, rated A- with Stable Outlook.

Rating affirmation reflects ongoing resilience of the bank's business and operating performance.

The bank will benefit from a strengthened market position and further opportunities for growth.

The A- issuer rating reflects Sandnes Sparebank’s well established local savings bank franchise in south-west Norway, solid and resilient earnings capabilities as well as sound prudential metrics.

Rating continues to reflect resilient and sound credit fundamentals.

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

Rating affirmation reflects ongoing resilience of bank's business and operating performance.

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