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DNB - DNB ASA News Story

NOK181.35 0.1  0.1%

Last Trade - 06/05/21

Sector
Financials
Size
Large Cap
Market Cap £24.39bn
Enterprise Value £56.50bn
Revenue £5.05bn
Position in Universe 30th / 1836

BUZZ-EU banks: Berenberg sees unavoidable loan losses

Mon 6th April, 2020 8:29am
** Berenberg says regulators in the European banking sector
can delay loan losses, which could be four or five times higher
than consensus, but not avoid them
    ** In the long term, households and corporates may also face
a debt trauma, choosing to save and pay down debt instead of
financing consumption and investment, Berenberg says
    ** In addition to slower activity, banks bear the cost of
policy actions such as compressed margins due to lower rates,
Berenberg says
    ** British, Irish and Norwegian banks entered the crisis
with more financial and regulatory headroom, but many countries,
such as in southern Europe, had less capacity, Berenberg adds
    ** While "value" opportunities do exist, most are illusory,
the broker says, adding it prefers banks with strong asset
quality and capital, including DNB  DNB.OL  and KBC  KBC.BR 
    ** Deutsche Bank  DBKGn.DE , Intesa  ISP.MI  and Bankia
 BKIA.MC  are among the weakest investment options, Berenberg
says

 ((zuzanna.szymanska@tr.com))
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