We welcome the Swedish Financial Supervisory Authority’s (SFSA) approval of the merger plans between Nordea and its subsidiary banks Nordea Bank Danmark, Nordea Bank Finland and Nordea Bank Norge, respectively. This is an important step in our work to simplify our legal structure, with the aim tochange the Norwegian, Danish and Finnish banks to branches of the Swedish parent company. A branch structure will make it possible for us to better operate as One Nordea. It will strengthen governance and is part of the simplification of processes. It leaves the bank with a more efficient and straightforward structure and decreases administrative complexity. It will contribute to making Nordea more competitive to the benefit of customers.
The executions of the mergers are still subject to approvals and other decisions by relevant authorities in Denmark, Finland and Norway, respectively, and that the mergers are not prohibited or, in the opinion of Nordea’s Board of Directors, impeded by any reason deemed significant by Nordea’s Board of Directors. The mergers are planned to take place early 2017.
For further information:
Emma Rheborg, Head of Group External Communications, +46 733 80 22 63
The information provided in this press release is such that Nordea is required to disclose pursuant to the Swedish Financial Instruments Trading Act (1991:980) and/or the Swedish Securities Markets Act (2007:528).
Latest press releases
Last week Nordea in Denmark as expected received a visit from representatives for the Danish Prosecution Service (the Danish Public Prosecutor for Serious Ec...
Press release Regulatory press release
On 26 June, Nordea issued its first-ever Green Bond. The issuance was very well received by investors, including new groups of sustainability investors, and...
Today, Nordea Life & Pensions publishes its Solvency and Financial Condition Reports on nordea.com.