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.
Nordea Bank Finland Plc has Category B banking license number 91050 issued by the Cayman Islands Monetary Authority. This type of license allows Nordea Bank Finland Plc to conduct banking operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in the Cayman Islands: in the case of Nordea Bank Finland Plc failure its depositors will not get any compensation.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
There is no deposit guarantee scheme in the Cayman Islands.
In the case of Nordea Bank Finland Plc failure its depositors will not be paid out any compensation.
The following banks operating under Nordea brand name has been recently closed down: