Scope Ratings has updated its rating report on Pareto Bank ASA, rated BBB with Stable Outlook.

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

Scope Ratings has updated its issuer rating report on Pareto Bank ASA, rated BBB with Stable Outlook.

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