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Nordea Bank AB
Type Public (OMXNDA SEK)
Founded 2000
Headquarters Stockholm, Sweden
Key people Hans Dalborg (Chairman of the board), Christian Clausen (President and CEO)
Industry Financial services
Products Corporate and retail banking, asset management
Revenue 8.200 billion (2008)[1]
Operating income €3.396 billion (2008)[1]
Net income €2.672 billion (2008)[1]
AUM €125.6 billion (2008)[1]
Total assets €474.1 billion (2008)[1]
Employees 34,000 (2008)[1]
Website www.nordea.com

Nordea Bank AB is a Nordic financial services group operating in Northern Europe, based in Stockholm. It is the result of the successive mergers and acquisitions of the Swedish, Finnish, Danish and Norwegian banks of Nordbanken, Merita Bank, Unibank and Kreditkassen (Christiania Bank) that took place between 1997 and 2000. The Baltic countries and Poland are today considered part of the home market, Latvia already having a branch of Nordea (Latvian: Nordea banka) from 2006. The largest share holder of Nordea is Sampo the Finnish insurance company with around 20% of the shares. Nordea is listed in Stockholm Stock Exchange, Helsinki Stock Exchange and Copenhagen Stock Exchange.

Nordea has more than 1,400 branches and is present in 19 countries around the world, operating through full service branches, subsidiaries and representative offices.

The international corporate banking division has branches in Germany (Frankfurt), United Kingdom (London), Singapore, and in the United States (New York). Nordea International private banking has its headquarters in Luxembourg with branches in Belgium (Brussels), France (Cannes), Luxembourg, Spain (Fuengirola - Malaga) and Switzerland (Zurich).

Nordea currently serves 10 million private and 960,000 corporate customers. The group also operates an internet bank, which is the world leader of internet banking in terms of usage, having more than 5.0 million online customers doing more than 200 million payments / year.

Contents

Online theft

In 2007 Nordea was the subject of an online phishing scam. The amount of money involved was "between seven and eight million SEK".[2] The theft was perpetrated by targeting Nordea customers with phishing emails containing a trojan horse, that was especially made for this robbery. Apparently these emails were sent out over a period of 15 months. According to Nordea, at least 250 people had unwittingly installed the trojan. The thieves evaded detection by limiting their transfers to small sums. Nordea has refunded all the victims and has implemented a new security system.

Subsidiaries

The Danish headquarters of Nordea is located in Christianshavn, Copenhagen.

See also

References

External links

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