Nordea is a Swedish financial services group, the largest one in the Nordic and Baltic region. Nordea focused on prodiving corporate and institutional banking as well as retail and private banking products and services. Nordea also offers life insurance and pensions products.
In 2017 total assets of Nordea Bank AB were 4 110,20 bln SEK. In 2017 the bank's net income was 3 048,00 mln EUR. Nordea Bank AB had 6 912 employees in 2017.
Nordea Bank AB is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is AA- (very high credit quality). Long-term credit rating assigned to the bank by Moody's is Aa3 (high grade).
Nordea Bank AB participates in deposit guarantee scheme of Sweden. This scheme covers accounts up to 100 000 EUR per bank per depositor.
Nordea (Finland)Nordea Bank AB is headquartered in Stockholm.
| Total Assets (2017) |
|---|
| 4 110.20 bln SEK (+137.38%) |
| Total Equity (2017) |
| 300.61 bln SEK (+54.19%) |
In 2017 total assets of Nordea Bank AB were 4 110.20 bln SEK. Growth compared to the previous period (2016) was 137.38%. The evolution of the total assets of Nordea Bank AB is shown at Chart 1 below.
Chart 1. Total Assets of Nordea Bank AB.
Recent changes in total assets of Nordea Bank AB and its main components are shown in Table 1.
| 2016 | 2017 | % change | |
|---|---|---|---|
| Loans to customers | 417.7 | 1 503.5 | +259.96% |
| Total Assets | 1 731.5 | 4 110.2 | +137.38% |
| Table 1. Recent changes in total assets of Nordea Bank AB (bln SEK). | |||
Recent changes in total liabilities of Nordea Bank AB and its main components are shown in Table 2.
| 2016 | 2017 | % change | |
|---|---|---|---|
| Customer deposits | 555.8 | 1 734.8 | +212.13% |
| Total Liabilities | 1 731.5 | 4 110.2 | +137.38% |
| Table 2. Recent changes in total liabilities of Nordea Bank AB (bln SEK). | |||
| Net Income (2017) |
|---|
| 3 048.00 mln EUR (+5.10%) |
In 2017 net income of Nordea Bank AB was 3 048.00 mln EUR. Growth compared to the previous period (2016) was 5.10%. The evolution of the net income of Nordea Bank AB is shown at Chart 2 below.
Chart 2. Net Income of Nordea Bank AB.
| Number of Employees (2017) |
|---|
| 6 912 (+1.98%) |
In 2017 there were 6 912 employees of Nordea Bank AB. Growth compared to the previous period (2016) was 1.98%. The evolution of the number of employees of Nordea Bank AB is shown at Chart 3 below.
Chart 3. Number of Employees of Nordea Bank AB.
| Fitch | Moody's |
|---|---|
| AA- (very high credit quality) | Aa3 (high grade) |
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Nordea Bank AB is rated by Fitch and Moody's.
Credit ratings assigned to Nordea Bank AB as of May 2018 are shown in details in the following sections.
Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Nordea Bank AB it is set to AA- (very high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Nordea Bank AB is set to F1+ (highest short-term credit quality).
| Long-Term Issuer Default Rating | AA- |
| Outlook | stable |
| On Watch | No |
| Short-Term Issuer Default Rating | F1+ |
| Viability Rating | aa- |
| Support Rating | 2 |
| Support Rating Floor | BBB- |
Viability rating for Nordea Bank AB is set to aa- (very high fundamental credit quality); support rating is 2 (high probability of external support); support rating floor is BBB- (good credit quality).
Long-term rating for Nordea Bank AB it is set to Aa3 (high grade). Long-term bank deposit rating is Aa3 (high grade). Baseline credit assessment is a3. Short-term rating is not assigned.
| Long-Term Rating | Aa3 |
| Long-Term Bank Deposit Rating | Aa3 |
| Baseline Credit Assessment | a3 |
| Short-Term Rating | - |
| Outlook | stable |
Outlook for the ratings of Nordea Bank AB is set to stable (not likely to change).
| Deposit Guarantee |
|---|
| Yes (up to 100 000 EUR per depositor) |
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Sweden are obliged to participate in Swedish deposit guarantee scheme.
In the case of Nordea Bank AB failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
| Eligible Depositors | private individuals, companies and other legal entities |
| Covered Accounts | deposits in all types of accounts |
| Maximum Protected Amount | 100 000 EUR |
| Paid In Currency | EUR |
MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.
The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.
MFI ID of Nordea Bank AB is shown in the table below.
| MFI ID | SE5164060120 |
Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.
| Company Number | 516406-0120 |
| Branches (2017) |
|---|
| 133 (-16.35%) |
In 2017 Nordea Bank AB had 133 branches in Sweden. Decline compared to the previous period (2016) was -16.35%. The evolution of the number of branches of Nordea Bank AB is shown at Chart 4 below.
Chart 4. Branches of Nordea Bank AB.
Nordea Bank AB operates under the brand name Nordea. This banking brand has presence in the following European countries and selected dependent territories of the European countries:
Nordea Danmark, Filial af Nordea Bank Abp, Finland (København S)NORDEA KREDIT REALKREDITAKTIESELSKAB (Taastrup)(this bank) Nordea Bank AB (Stockholm)Nordea Bank Abp, filial i Sverige (Stockholm)Nordea Finans Sverige AB (Stockholm)Nordea Hypotek AB (publ) (Stockholm)The following banks operating under Nordea brand name has been recently closed down:
