G-SIB/G-SII: Systematic importance indicators

Indicators for assessing systemically important banks

The Basel Committee on Banking Supervision (BCBS) has developed a methodology to assess the systemic importance of banks in a global context. The methodology relies on an indicator-based measurement approach. The indicators are selected to reflect the size of banks, their interconnectedness, substitutability of their services, their global activity and their complexity.

In accordance with the BCBS Global systemically important banks: revised assessment methodology and the higher loss absorbency requirement (BCBS methodology for G-SIBs), all banks with a leverage ratio exposure measure exceeding EUR 200 billion are required to publicly disclose information containing the following indicators within four months of the financial year end. 

Nordea is not considered a G-SIB as of 1 January 2020, however Nordea is subject to the disclosure requirement as a large bank with a leverage ratio exposure exceeding the above-mentioned threshold.

All indicators are expressed in terms of the reporting currency except for payments activity, which is expressed in euro by applying the yearly average exchange rates for 2021. 

The precise definitions of the indicators can be found in the BCBS methodology for G-SIBs and BCBS instructions for the end-2023 G-SIB assessment exercise (BCBS instructions) that the banks use to supply their indicator data to the data hub.

The indicators provided below are prepared based on the definitions outlined in the BCBS instructions. These definitions are subject to interpretation and may not be directly comparable with other disclosures by Nordea Bank. Differences may also arise as BCBS instructions require using the regulatory scope of consolidation, not the accounting consolidation circle. The reporting period is the financial year ending 31 December 2023.

General Bank Data

Section 1: General information 
a. General information provided by the relevant supervisory authority 
(1) Country codeFI
(2) Bank nameNordea
(3) Reporting date (yyyy-mm-dd)2023-12-31
(4) Reporting currencyEUR
b. General information provided by the reporting institution 
(1) Reporting unit1,000,000
(2) Accounting StandardIFRS
(3) Date of public disclosure (yyyy-mm-dd)2024-04-30
(4) Language of public disclosureEN
(5) Web address of public disclosurewww.nordea.com






Size indicator20%  
Section 2: Total exposure 20%560,453 
Interconnectedness indicators20%  
Section 3: Intra-financial system assets 6.67%86,012 
Section 4: Intra-financial system liabilities 6.67%34,265 
Section 5: Securities outstanding 6.67%231,334 
Substitutability/financial institution infrastructure indicators20%  
Section 6: Payments made in the reporting year
(excluding intragroup payments)
Section 7: Assets under custody  6.67%259,512 
Section 8: Underwritten transactions in debt and equity markets  3.33%90,965 
Section 9: Trading Volume 3.33%879,865 
Complexity Indicators20%  
Section 10: Notional amount of Over-the-Counter (OTC) derivatives 6.67%7,804,966 
Section 11: Trading and available-for-sale securities  6.67%5,944 
Section 12: Level 3 assets  6.67%7,596 
Cross-Jurisdictional Activity Indicators20%  
Section 13: Cross-jurisdictional claims 10%407,554 
Section 14: Cross-jurisdictional liabilities 10%224,584