The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.

Nordic & Baltic region

Best bank
Svenska Handelsbanken Best debt house
Barclays Capital

Best equities house
Enskilda Securities

Best M&A house
Deutsche Bank

Best at cash management
SEB

Best at risk management
Deutsche Bank

Best at investor services
Nordea

Svenska Handelsbanken is one of the most profitable banks in the region and remains the best bank. Its profits after tax grew by 11% to SKr8.1 billion ($1.1 billion) in 2003. Handelsbanken Markets, its investment bank, doubled profits to SKr1,009 million.

Assets rose to SKr1,316 billion and loan losses were kept low. The bank had a higher return on equity than its peers, rising to 14.9%. With a cost/income ratio of 46.5%, Handelsbanken is the region?s most cost-effective bank. In March, Moody?s upgraded its long-term credit rating to Aa1 from Aa2.

Danske Bank and Nordea are the largest banking groups by assets, but Nordea still needs to cut costs and rationalize. Danske?s cost/income ratio has improved but it is higher than Handelsbanken?s at 55%.

Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree