Announcements

    Drinks

      Updated analysis on BN Bank ASA
      MONDAY, 30/11/2020 - Scope Ratings GmbH
      Download PDF

      Updated analysis on BN Bank ASA

      Monitoring Note

      Following the affirmation of ratings on 16 November 2020, Scope has updated its issuer report on BN Bank ASA, rated A- with Stable Outlook.

      The ratings reflect BN Bank’s solid credit fundamentals and its ownership by SpareBank 1 Alliance member banks. BN Bank is a digital bank serving both retail and corporate customers in Norway, with a target 70% retail / 30% corporate lending mix. In the retail market, the bank has a nationwide presence and focuses primarily on mortgage lending. The bank is also specialised commercial real estate lender operating mainly in the Oslo region.

      BN Bank operates in a prudent manner, generating sustainable earnings and dividends for its owners. For the nine months ending 30 September 2020, the bank reported a return on equity of 7.8%. While commercial real estate exposures tend be more vulnerable in economic downturns, the bank’s loan portfolio has seen a limited increase in credit risk. Credit impairments remain at levels which can be comfortably absorbed by earnings. Further, the bank’s prudential metrics continue to be at reassuring levels.

      Click here to access the full rating report.

      Related news

      Show all
      Mid-year European bank outlook: earnings expected to stay resilient through risks skewed to downside

      24/7/2025 Research

      Mid-year European bank outlook: earnings expected to stay ...

      Updated Rating Report on Georgian JSC Silk Bank

      22/7/2025 Monitoring note

      Updated Rating Report on Georgian JSC Silk Bank

      Updated Rating Report on Georgian MFO Rico Express LLC

      18/7/2025 Monitoring note

      Updated Rating Report on Georgian MFO Rico Express LLC

      Scope affirms OTP Bank’s BBB+ issuer rating with Stable Outlook

      18/7/2025 Rating announcement

      Scope affirms OTP Bank’s BBB+ issuer rating with Stable Outlook

      Scope has completed a monitoring review for CDP

      16/7/2025 Monitoring note

      Scope has completed a monitoring review for CDP

      Covered Bond Quarterly: higher mortgage rates highlight need for macroprudential measures in Europe

      16/7/2025 Research

      Covered Bond Quarterly: higher mortgage rates highlight need ...