FRANKFURT (S&P Global Ratings) Sept. 10, 2024--S&P Global Ratings expects Finnish banks will remain resilient amid the ongoing house price correction and overall weak macroeconomic conditions. Robust earnings will endure, and asset quality deterioration will remain manageable for the system. We foresee the house-price contraction coming to an end with early signs of increased activity in the housing market as autumn starts. Accompanying this, we think the economy will enter a recovery phase in 2025. Following our review, we have kept Finland in group '2' of our Banking Industry Country Risk Assessment. The economic and industry risk scores remain '2' and '3' and we continue to view both trends as stable. Finland, April 29, 2024 SLIDES: Nordic Banks In 2024
