Nordea Bank

The European financial services company Nordea Bank, also known simply as Nordea, is headquartered in Helsinki, Finland, and operates throughout northern Europe. The words "Nordic" and "concept" are combined to form the name. Between 1997 and 2001, Merita Bank, Nordbanken, Unidanmark, and Christiania Bank og Kreditkasse in Finland, Merita Bank in Sweden, and Christiania Bank og Kreditkasse in Denmark all merged and acquired one another to form the bank. Given that Nordea completed the divestiture of its Baltic businesses in 2019, the Nordic countries are regarded as the company's home market. Helsinki, Copenhagen, and Stockholm's Nasdaq Nordic exchanges list Nordea, and the American market lists Nordea ADR.

9.3 million private customers and 530,000 active corporate clients, including 2,650 major corporations and organizations, are served by Nordea. The loan portfolio of Nordea is split between Sweden (30%), Finland (21%), Denmark (26%), and Norway (21%). In Nordea, there are four business areas (BAs): asset and wealth management, business banking, large corporations and institutions, and personal banking. In December 2021, assets under management (AUM) totaled €411 billion.

The market capitalization of Nordea Bank as of April 2023 is $37.74 billion. By market cap, this places Nordea Bank as the 460th most valuable corporation in the world. The most recent financial reports from Nordea Bank indicate that the company's current revenue (TTM) is $10.29 billion. The company generated $11.29 billion in revenue in 2021, a rise from $9.87 billion in revenue in 2020.

Founded: 1820
Headquarters: Helsinki, Finland
Website: www.nordea.com