Nordea Bank

Nordea Bank was founded in Sweden in 2000 due to the union of four important financial institutions: Nordbanken, Merita Bank, Unibank, and Kreditkassen; officially known as Nordea Bank AB, the new institution has its main office in Stockholm, Sweden.

As one of the most prominent financial institutions in the Nordic region, Nordea provides institutional, business, and retail clients with various banking and financial services. Private banking, wealth management, asset management, investment banking, and insurance are a few services offered by Nordea. Nordea has a significant presence in Sweden, where it has over 300 branches. With over 25% of the Swedish mortgage market, the bank is also the country's biggest mortgage provider.

To be competitive in the quickly evolving banking sector, Nordea Bank has been concentrating on digitalization and innovation in recent years. The bank has introduced many digital services and goods, including mobile banking apps and online trade and investing platforms.

Rating companies, including Moody's and S&P, have given Nordea Bank a high credit rating. Nordea Bank continues to be a well-liked and dependable option for banking throughout Sweden and the Nordic region.

Nordea Bank's market capitalization was $38.20 billion as of May 2023. By market cap, this places Nordea Bank as the 452nd most valuable company in the world. Despite the significant depreciation of the Swedish crown, Nordea's income growth continued to drive higher operating profit, which increased by 34%, year over year, to $1.79 billion.

Founded: 2000
Headquarter: Smålandsgatan 17, 105 71 Stockholm, Sweden.

Website: https://www.nordea.com/en