By means of cross-border mergers, Nordea changed the legal structure in January 2017. Through the mergers, Nordea Bank Danmark A/S, Nordea Bank Finland Plc and Nordea Bank Norge ASA were changed from Danish, Finnish and Norwegian subsidiary banks to branches of the Swedish parent company Nordea Bank AB (publ).
The simplification of the legal structure has taken place as part of the ongoing wider transformation of Nordea. A more straightforward legal structure also better reflects the Nordic way in which we operate today. A simpler legal structure supports our work to increase agility, efficiency and benefits of scale and it strengthens governance. Our ambition through the mergers is to make it even easier for our customers to deal with us and at the same time leverage on our expertise as One Nordea.
Nordea´s shareholders approved the merger plans at the Annual General Meeting (AGM) in March 2016. Following the AGM all approvals, authorisations and consents by the relevant authorities in Sweden, Denmark, Finland and Norway were obtained during 2016.
See previous press releases about the simplifying of our legal structure:
- Comment on the SFSA’s approval of Nordea’s merger plans
- Decisions by Nordea’s AGM 2016
- Decision by Nordea’s Board of Directors to execute merger plans