The General Meeting is the Company’s highest decision-making body, at which the shareholders exercise their voting rights. At the General Meeting decisions are taken regarding matters such as the annual accounts, dividend, election of the Board of Directors and auditor, and remuneration to Board members and auditor.
General Meetings are held in Helsinki.
Latest information about the General Meeting
The Annual General Meeting (AGM) of Nordea Bank Abp was held on Wednesday 24 March 2021 at the headquarters of Nordea in Helsinki by applying extraordinary meeting procedures due to the COVID-19 pandemic. In order to ensure the health and safety of shareholders, employees and other stakeholders, it was not possible to attend the meeting in person.
Dividend: The AGM authorised the Board of Directors to decide on a dividend payment, in one or several instalments, of a maximum of EUR 0.72 per share based on the balance sheet adopted for the financial year ended 31 December 2020.
The authorisation shall remain in force and effect until the beginning of the next AGM. The Board of Directors has decided to follow the recommendation by the European Central Bank (ECB) to refrain from or limit dividends until the end of September 2021 and will refrain from deciding on a dividend payment based on the authorisation before 1 October 2021, unless the ECB updates or revokes its recommendation. Nordea will publish any possible decisions on dividend payment by the Board of Directors separately, and simultaneously confirm the dividend record and payment dates.
Changes in withholding taxation of dividends: Click here for information regarding legislative change in Finland
Presentations of the Chair of the Board as well as the President and Group CEO
Speech by Torbjörn Magnusson, the Chair of the Board
Speech by Frank Vang-Jensen, the President and Group CEO
Questions from shareholders and the management’s and the Board of Directors’ responses
- Does Nordea’s balance sheet contain cryptocurrencies?
- Are there (direct or indirect) investments in cryptocurrencies in Nordea’s funds?
- Does Nordea have any concrete plans (asset management, crypto funds etc) regarding bitcoin and other cryptocurrencies?
At the moment cryptocurrencies are not regulated so we do not recommend buying bitcoins to our customers.
- Is it true that Nordea prohibits its employees from trading in cryptocurrencies? If so, why?
Yes. Trading in cryptocurrencies is prohibited because they are not subject to regulation or authority supervision and they involve high risks (high volatility, liquidity risk and risk of money laundering). Given these high risks and our role in the banking industry to maintain high standards of conduct Nordea does not allow its employees to trade in cryptocurrencies.
Meeting related press releases and stock exchange releases
- 2021-03-24 Nordea’s Annual General Meeting 2021 and decisions by the Board of Directors
- 2021-03-01 Nordea has published its Annual Report, Sustainability Report and Remuneration Report for Governing Bodies