Nordea

Management

Hans Dalborg Christian Clausen

Nordea (Nordic Ideas) is a leading financial services group in Northern Europe and the Baltic States with activities within the following business areas: Retail Banking (Consumer), Corporate Finance ( companies and institutions) as well as asset management and life insurance. The largest shareholders are the Swedish state with 13.5 %, Sampo Group with 21.4% and Nordea Fonden with 3.9% (as of December 2012).

The Bank is one of the 28 major banks, which by the Financial Stability Board (FSB) as " systemically important financial institution" ( systemically important financial institution) were classified. Therefore it is subject to special monitoring and stringent requirements on the level of equity.

History

The foundation stone was laid by Nordea to MeritaNordbanken by the merger of previously independent Finnish Merita Bank and the Swedish Nordbanken 1997. In March 2000, a merger with the Danish Unibank A / S, a little later announced by the Norwegian Christiania Bank Nordea.

North banks

The northern banks were formed in 1986 through the merger of Sundsvallsbanken and Upland Banks. In 1990, the Post- och credit banks was purchased. The company, for the most part state-owned after the merger was the largest Swedish bank. In the Swedish banking crisis, the bank collapsed in autumn 1991 together almost. Only with a large injection of capital by the state, the bank could be saved. In the context of this crisis, the Götabanken who had to write off 37.3 % of their loans, was nationalized and later merged with the northern banks.

Business

The Nordea Group serves approximately 10 million residential and 960,000 business customers. It also operates an internet bank, which has more than 5.3 million online customers who perform together more than 200 million payments a year.

There are currently Nordea branches in the following countries: Denmark, Sweden, Norway, Finland, Estonia, Latvia, Lithuania, Luxembourg, Poland and Germany

The Nordea share is listed on the stock exchanges in Copenhagen, Helsinki and Stockholm.