The banks see light ahead
03-03-2010
10:21
The big losses and loan impairments we have seen in the banking sector may have peaked. Two out of three banks which have reported annual results have achieved profits in 2009.
This appears of a survey of the key figures for the 50 banks which have already reported annual results, the newspaper Jyllands-Posten wrote.
The best performing banks have reported a return on equity of nearly 20 per cent. According to Jyllans-Posten several analysts note that the bank losses may have peaked for now.
»We have undoubtedly seen the worst. 2010 will not be a fantastic earnings year for the banks. We shall not again see a reasonable return on capital in the sector until 2011,« share analyst Per Grønborg at Danske Markets told Jyllands-Posten.
Per Grønborg notes that the expenses for bank package 1 will make it difficult for the banks to achieve a fair return on capital in 2010, but that there will be no such expenses in 2011.
According to Finn Østrup, professor at the Copenhagen Business School, the situation will very much depend on the interest rate development.
He notes that an interest rate increase will lower the house prices and that an increasing interest rate may result in compulsory sales for many home owners with flexible loans, and this will be very harmful to the banks.
This appears of a survey of the key figures for the 50 banks which have already reported annual results, the newspaper Jyllands-Posten wrote.
The best performing banks have reported a return on equity of nearly 20 per cent. According to Jyllans-Posten several analysts note that the bank losses may have peaked for now.
»We have undoubtedly seen the worst. 2010 will not be a fantastic earnings year for the banks. We shall not again see a reasonable return on capital in the sector until 2011,« share analyst Per Grønborg at Danske Markets told Jyllands-Posten.
Per Grønborg notes that the expenses for bank package 1 will make it difficult for the banks to achieve a fair return on capital in 2010, but that there will be no such expenses in 2011.
According to Finn Østrup, professor at the Copenhagen Business School, the situation will very much depend on the interest rate development.
He notes that an interest rate increase will lower the house prices and that an increasing interest rate may result in compulsory sales for many home owners with flexible loans, and this will be very harmful to the banks.
*****||*****The banks see light ahead*****||*****The big losses and loan impairments we have seen in the banking sector may have peaked. Two out of three banks which have reported annual results have achieved profits in 2009.
This appears of a survey of the key figures for the 50 banks which have already reported annual results, the newspaper Jyllands-Posten wrote.
The best performing banks have reported a return on equity of nearly 20 per cent. According to Jyllans-Posten several analysts note that the bank losses may have peaked for now.
»We have undoubtedly seen the worst. 2010 will not be a fantastic earnings year for the banks. We shall not again see a reasonable return on capital in the sector until 2011,« share analyst Per Grønborg at Danske Markets told Jyllands-Posten.
Per Grønborg notes that the expenses for bank package 1 will make it difficult for the banks to achieve a fair return on capital in 2010, but that there will be no such expenses in 2011.
According to Finn Østrup, professor at the Copenhagen Business School, the situation will very much depend on the interest rate development.
He notes that an interest rate increase will lower the house prices and that an increasing interest rate may result in compulsory sales for many home owners with flexible loans, and this will be very harmful to the banks.*****||*****
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