(MENAFN) Scandinavia's big six banks; Nordea Bank AB, Dankse Bank A/S, DNB ASA, Svenksa Handelsbanken, AB, SEB AB and Swedbank AB, outperformed European peers in the years following the fiscal crisis.
Moreover, Swedbank and Handelsbanken have already lost much since Dec that they're amid Europe"s worst performing bank stocks.
Accordingly, predictions for return on equity in European banks are growing much faster than for the large Nordic banks, so they could be run over.
However, Swedbank has declined almost 7 percent this year, making it the worst performer, while Banco Popular may need to raise as much as USD4.3bn in capital.
MENAFN2404201700450000ID1095415382
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.