S-Bank Plc, Stock Exchange Release, 1 July 2024 8.30 am EET
Standard & Poor’s credit rating agency raises S-Bank’s credit rating and rates its outlook as stable
International credit rating agency Standard & Poor’s has raised S-Bank Plc’ long-term issuer credit rating to BBB+ and affirm its short-term rating at A-2. S&P rated the outlook as stable on 28 June 2024.
The stable outlook reflects S&P’s expectation that S-Bank Plc’s profitability will remain good despite the gradual decline in market interest rates. According to S&P’s assessment, S-Bank Plc’s acquisition of Svenska Handelsbanken AB’s Finnish private customer, asset management and investment services operations that was announced in May 2023, will have a positive impact on S-Bank’s business operations.
Read S&P’s press release (PDF)
Contacts:
Riikka Laine-Tolonen, CEO
Eero Saloranta, Director, Corporate Banking and Treasury
Contacts
- S-Pankin viestintä, S-Bank Communications, +358 10 767 9300, viestinta@s-pankki.fi
About S-Bank Plc
S-Bank is a Finnish bank and part of S Group. We exist to give everyone the possibility of a little more wealth. We have more than three million customers and we know their day-to-day life. We bring convenience and value to our customers through our easy-to-use digital services, for example. Being a full-service bank, we offer support to our customers every day and at the turning points in their lives. s-pankki.fi