Close cooperation with Swedbank on products, processes, risk management, and access to emergency liquidity Robust capitalization and increasing reserves of loss absorbing capacity Funding profile underpinned by sound deposit franchise and covered bond issuance Pressure on revenue and asset quality stemming from the COVID-19 pandemic Regional concentration, making the bank rely on economic developments in Skåne in southern Sweden Small size and market share relative to those of main competitors The stable outlook on Sparbanken Skåne reflects S&P Global Ratings' expectation that the bank will continue its relationship with Swedbank and keep its leading position in its local market. Despite revenue and asset quality pressure stemming from the pandemic, we believe Sparbanken Skåne can protect its robust capitalization while expanding
