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Nordea voted number 1 in the Nordics in Prospera’s Trade Finance customer survey
Nordea’s Trade Solutions team has moved into top spot in this year’s Prospera customer satisfaction survey for Trade Finance related services. Following a series of interviews with Nordic organisations conducted by the Prospera team, Nordea’s overall performance was ranked the highest.
Nordea’s Overdues Report 2021 – Time to maintain and strengthen liquidity and risk management capabilities
Nordea's Overdues Report 2021 reveals that large Nordic companies have displayed an incredible amount of resilience in protecting their risk profile and maintaining solid liquidity management. When the previous report was published in 2020, in the midst of the economic crisis generated by the COVID-19 pandemic, Nordea's working capital experts warned about the consequences of such a financial shock on liquidity and overdue payments. This year's analysis finds if COVID-19 proved to be the wake-up call for liquidity and risk management that companies needed, now is the time to maintain and strengthen newly implemented capabilities.
Wins for Nordea Trade Solutions at the Global Finance Awards 2022
Nordea’s Trade Solutions team has come out on top at the recent Global Finance Trade Finance Awards. Nordea was named as the ‘World’s Best Trade Finance Providers 2022’ for Denmark, Finland and Norway. There was also success for we.trade as the ‘World’s Best DLT (Distributed Ledger Technology) Platform’.
You may have heard the buzz around guarantee formats and the SWIFT standards release 2021 – here’s what you should know, both in general, and as a user of Trade Finance Global.
Nordic and European wins for Nordea in leading Trade Finance awards
At the Trade Finance awards organised by Coalition Greenwich, Nordea was named as the Nordic leader in quality and market penetration in a survey of European large corporates. Nordea also won Western Europe Excellence Awards for Frequency of Visits, Quality of Advice and Error-free Execution.
As economies around the world begin to get back to pre-pandemic levels, some parts of the global supply chain have struggled to adapt to the return to full speed. Richard Hayes, Acting Head of Trade Solutions Denmark at Nordea, argues that alongside the pandemic, today’s dislocation and fragility in global supply chains originates from a combination of factors that began to impact the global trade ecosystem long before the emergence of COVID-19.
How to finance growth for Small & Medium sized Enterprises?
Nordea’s Trade and Working Capital team return to their Working Capital Report 2020, this time from the perspective of SMEs (Small & Medium sized Enterprises) to assess their challenges with financing growth and investments and to suggest alternative solutions for funding growth if there is a shortage of capital.
Is your company prepared for the 4th industrial revolution?
The fourth industrial revolution has ushered in a whole range opportunities for implementing data driven business models. Mathias Rasmussen, Working Capital Advisory at Nordea, discusses the effects increased data will have on asset life time spans, customer relationships, working capital and value creation.
Nordea Trade Finance voted Number 1 in Prospera survey
In Prospera’s annual Trade Finance customer satisfaction survey, Nordea has been ranked first for ‘Tier 1 Companies’ and joint first for ‘All Companies’ in both Sweden and Norway.
Nordea named amongst the world's best trade finance providers by Global Finance
Nordea’s Trade Finance team has made a strong start to 2021 with multiple wins at the Global Finance Trade & Supply Chain Finance awards. Nordea was named the Best Trade Finance Provider 2021 in Denmark, Finland and Norway.
Nordea’s Working Capital Study 2020 has analysed the working capital performance of 9300 companies between 2016-2019 by using data from publicly available financial reports. The study found that overall the level of working capital improved across companies which mitigated an overall decrease in Return on Capital Employed.
An in depth analysis of 124 large Nordic companies in 2019 showed aggregated overdue payments of EUR 18.5 billion, equal to 22% of total gross accounts receivables. With total overdue payments already increasing by 4% from 2018, the after effects of the coronavirus are expected to create an even larger growth in overdue payments in the coming months.