Nordea's formation

Are you curious about our background? Take a look at our family tree (pdf, 72 KB), which shows all the banks that over time have come to form Nordea.

Our family tree includes some 300 banks founded from the 1820s and onwards .

Through mergers the 300 banks decreased to 80 banks in the 1970s and 30 banks in the 1980s. In the 1990s there were four major banks left to form our new bank group:

  • Nordbanken in Sweden
  • Merita Bank in Finland
  • Unibank in Denmark
  • Christiania Bank og Kreditkasse in Norway

Financial services in the Nordic and Baltic countries
These four banks merged and all operations have been conducted under the brand name of Nordea since December 2001. A few years later Nordea’s operations in Estonia, Latvia, Lithuania, Poland and Russia reached a significant size, making Nordea an important bank also in these countries.

The banks forming our new group shared the vision of being the leading financial services group in the Nordic and Baltic countries. Improved customer and employee satisfaction as well as shareholder value was created through significant structural changes and merger processes, continued business focus and growth in strategic areas.

Creating new possibilities
We are about creating new possibilities. The possibilities of providing better financial solutions – better for you, better than our competitors’, better than before the merger – and to do this at lower cost and higher quality.

Nordic + ideas = Nordea
In the Nordic countries we are similar enough to be able to cooperate, different enough to benefit from learning from each other and numerous enough to provide an interesting home market. We share Nordic values such as freedom and equality, we care for the environment and follow the Nordic heritage of breaking new ground, Nordic + ideas = Nordea.

Nordea today

We are among the ten largest universal banks in Europe and have around 11 million customers, 30,000 employees and approximately 600 branch office locations.

Today we hold leading positions in corporate and institutional banking as well as in retail and private banking. We are also the leading provider of life and pensions products in the Nordic countries.

Moreover, we are one of very few European banks with an AA- rating and are among the ten largest universal banks in Europe in terms of total market capitalisation.