DNB ASA logo

DNB - DNB ASA News Story

NOK181.35 0.1  0.1%

Last Trade - 06/05/21

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

© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.