Frequently Asked Questions
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The Nordea Group
Nordea business operations
The Nordea share
Financial information
Annual General Meeting
Dividend
Ratings
Contact information
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The Nordea Group
1. When was the Nordea Group established?
- The Nordea Group was established in 2000 but derives its origin from banks and insurance companies from the Nordic region as far back as the early 19th century. The first cross-border merger took place in 1997, when the Finnish Merita Bank and the Swedish Nordbanken formed MeritaNordbanken. The merger of MeritaNordbanken and Danish Unidanmark in 2000 was followed by the acquisition of the Norwegian bank Christiania Bank og Kreditkasse to create the largest financial institution in the Nordic area. During 2001 Nordea has acquired Swedish Postgirot Bank. Since 3 December 2001 the entire Group is operating under the Nordea brand.
2. What is the size of Nordea?
- In terms of market capitalisation Nordea qualifies within the 25 largest European financial institutions.
Nordea is the largest financial services group in the Nordic and Baltic Sea region and one of the five largest listed Nordic companies. Further information can be found here
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Nordea business operations
1. How many customers does Nordea have?
- The Nordea Group has approx. 10 million customers in the Nordic region and new European markets.
2. How many e-banking customers does Nordea have?
- The Nordea Group is a world leader in e-banking, with almost 4.8 million e-customers.
3. How many employees does Nordea have?
- The Nordea Group has about 32,000 full time equivalents.
4. What distribution capacity has Nordea in terms of branches?
- Nordea has approx 1,300 bank branches throughout Denmark, Finland, Norway, Sweden, Poland and the Baltic countries.
5. How is Nordea organised?
- Nordea operates through two customer areas (Nordic Banking and Institutional & International Banking) and two product areas (Banking & Capital Markets Products and Savings and Life Products).
6. What is the income split between net interest income and non-interest income?
- In 2007 the income was split by approximately 55% (54% in 2006) in net interest income and 45% (46%) in non-interest income.
7. Where is Nordea's home market?
- The Nordic countries (Denmark, Finland, Norway and Sweden) are Nordea's home market.
8. Where is Nordea's emerging market?
- The Baltic Sea region (Estonia, Latvia, Lithuania) including Poland and Russia is Nordea's emerging home market.
9. What proportion of Nordea's loan portfolio is lending to the Nordic countries?
- At the end of 2007 the lending to the Nordic countries accounted for almost 93% of the total loan portfolio.
10. Does Nordea operate on an international basis?
- The Group has a network of international branches and representative offices to support Nordea's Nordic and international customers.
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The Nordea share
1. What was the total shareholder return in 2006?
- Total shareholder return (TSR) during the year 2007 amounted to 6.4% (32.2% in 2006). The calculation of TSR is based on the share price development during the year, assuming the dividend of EUR 0.49 per share is reinvested in Nordea shares.
2. On what stock exchanges is the Nordea share listed?
- The Nordea share is listed on the stock exchanges of Stockholm, Helsinki and Copenhagen.
3. In what currencies can the Nordea share be traded?
- The Nordea share can be traded in SEK in Stockholm, EUR in Helsinki and DKK in Copenhagen.
4. What is the Reuters and Bloomberg stock symbol for the Nordea share?
- The Reuters securities code (RIC) for the Nordea share in Stockholm is NDA.ST and the Bloomberg sign is NDA.SS. Further information can be found here
5. What types of share have Nordea issued?
- Nordea has ordinary registered shares outstanding.
6. Where do I get information about the development of the Nordea share price?
- At the Nordea website an interactive online share price information system (prices 15 minutes delayed) with several charting tools is available. Please click here
Also available is a historical Price Lookup where you can search historical closing quotes for the Nordea share in Stockholm (SX), Helsinki (HEX) or Copenhagen (CSE). Please click here
7. When was the last major capital increase? And by what number of shares?
- The last major capital increase was on 25 April 2000. This was as a result of the merger between MeritaNordbanken and Unidanmark. The capital was increased by approximately SEK 3bn or about 870 million shares. Further information can be found here
8. What does the shareholder structure of Nordea look like?
- Swedish institutional holdings are the largest category followed by International holdings (outside the Nordic countries). Further information can be found here
9. Who are the largest shareholders of Nordea?
- The five largest shareholders in Nordea:
1) Swedish State
2) Sampo Oyj
3) Nordea Danmark Fund
4) Swedbank Robur Funds
5) SHB/SPP Funds
Further information can be found here
10. How many shares does Nordea have outstanding presently?
11. How many shareholders does Nordea have?
- Nordea has approximately 486,000 shareholders. Further information can be found here
12. What is the free float of Nordea shares?
- The free float in Nordea is slightly above 80%. The Swedish state owns 19.9% of the shares.
13. What is the trading volume of the Nordea share?
- The Nordea share was the most liquid Nordic financial share in 2007, with an average daily trading volume of approximately EUR 154m corresponding to approximately 13.1 million shares. Turnover during the year on the three stock exchanges combined totalled approximately EUR 38.56bn which corresponds to almost 3.3 billion shares. Of the total number of shares traded in Nordea in 2007 approximately 78% was traded on the Stockholm Stock Exchange, 14 on the Helsinki Stock Exchange and 8% on the Copenhagen Stock Exchange.
14. Does Nordea have outstanding convertible bonds?- No.
15. Does Nordea have a share buy-back programme?
- The General Meeting on 3 April 2008 decided to authorise the Board, for a maximum time period extending until the next Annual General Meeting, to decide on the acquisition of shares in the bank on stock exchanges where the shares are listed, or according to acquisition offers to all of the bank's shareholders. Total acquisitions may amount to 10% of all of the shares in the bank. The aim of the acquisition is to convey back funds to the bank's shareholders. Through the repurchase programme a long-term increase in the earnings per share is made possible.
Further information can be found here16. How can I acquire Nordea shares?
- Please contact your broker or bank for ways to acquire Nordea shares. Through Nordea's e-banking operations, it is possible to buy and sell shares over the Internet or over the phone.
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Financial information
1. When will Nordea release its next quarterly results?
Information and dates can be found here.
2. Where can I find historical financial information on Nordea?
- All annual reports and other financial reports and presentations are available on this web page in the IR archive. Further information
3. How do I get a copy of the annual report?
- The annual reports of Nordea from 1998 to date can be downloaded in pdf format on this page. The annual reports as from 2002 can be downloaded as interactive versions as well. A paper copy can be ordered electronically here .
4. How do I get a copy of the interim reports?
- Nordea does not print the interim reports but they are available for downloading at the IR archive of financial reports. Further information
5. How do I get the press releases of Nordea?
- All Nordea press releases are available at this web page in the Press room. It is also possible to subscribe to press releases. Further information
6. What is Nordea's official accounting currency?
- In the reports of the Nordea Group income statements and other financial data are quoted in euro.
7. What accounting principles does Nordea adhere to?
Nordea's consolidated financial statements are prepared in accordance with International Financial Reporting Standards (IFRS) as endorsed by the EU. Additional disclosure requirements in accordance with the Swedish Act on Annual Accounts of Credit Institutions and Securities Companies (1995:1559) (ÅRKL) and the recommendation RR30 "Supplementary Rules for Consolidated Financial Statements" of the Swedish Financial Accounting Standards Council (RR) have further been applied.
On 28 February 2006 the Board of Directors approved the financial statements, subject to final approval of the Annual General Meeting 5 April 2006.
The separate financial statements of the parent company, Nordea Bank AB (publ), are prepared in accordance with Swedish regulatory requirements and FFFS 2005:33. The section "Parent company", p. 71 in the Annual Report 2005, further describes the principles applied and how they deviate from IFRS standards.
The standard IFRS 7 Financial instruments: Disclosures was endorsed by the EU in January 2006. However, Nordea has chosen to apply this standard already in the accounts for 2005 as the endorsement took place before the annual report was issued.
8. What is Nordea's financial year?
- Nordea's financial year is the calendar year (January-December)
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Annual General Meeting
1. When and where will the next Annual General Meeting (AGM) take place?
2. How can I register for the AGM?
- All details of the registration procedure will be published 4-6 weeks prior to the AGM in the formal notice of the AGM. The notice will be published in newspapers in Sweden, Denmark and Finland and on the Internet. Registration can be made by telephone, post, fax and on the Internet as from the day of the publication of the notice.
Further information
3. How do I exercise my voting rights in case I am not present at the AGM?
- The shareholder may appoint a representative by proxy to exercise the shareholder's voting rights at the AGM. The representative has to present a power of attorney in original, at the latest at the AGM. The power of attorney may not be issued earlier than one year before the AGM.
4. When and where was the latest AGM?
- The latest AGM was held on 13 April 2007 in Aula Magna at Stockholm University in Stockholm. Shareholders also participated from Finlandia Hall in Helsinki and the Bella Center in Copenhagen.
5. What was the percentage of share capital represented at the latest AGM?
- In total 53.4% of the total share capital was represented at the latest AGM.
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Dividend
1. What is the dividend policy of Nordea?
- Nordea pursues a policy of high dividends. The total dividend payment will normally exceed 40% of the net profit for the year. Nordea will ensure competitive and predictable dividends.
2. What was the dividend for 2006?
- The dividend for 2006 was EUR 0.49 per share.
3. What is the dividend yield 2007?
- The dividend yield calculated at starting price on payment day, for 2007 per 28 December was 4.4%.
4. What is the payment date for dividend 2007?
- The record date for the dividend is 8 April 2008 and dividend payments are made on 15 April 2008. The ex-dividend date is 4 April 2008.
5. In what currency is the dividend paid?
- The currency for payment of dividend depends on the country of registration of the shares. In Sweden, shareholders can choose between a dividend in SEK or in EUR provided that the shareholder has a EUR account with their custody bank. An official exchange rate is published. In Denmark dividend is paid in EUR. If the shareholder doesn’t have a EUR account the dividend is converted into local currency. Each custody institute decides their own conversion rate. In Finland the dividend is paid in EUR.
6. How do I get the dividend payment?
- It is automatically transferred to your account related to your share account.
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Ratings
1. What are Nordea's current debt ratings?
2. What does Nordea's rating history look like?
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Contact information
1. Who can I contact regarding issues relating to the Nordea share?
2. Who can I contact regarding media-related issues about Nordea?