The Swedish FSA approves the merger between Nordea Bank AB (publ) and Nordea Bank Abp
Nordea welcomes the SFSA's authorisation to execute the merger plan. It forms a significant step for Nordea's move to the European Banking Union following the banking licence granted by the European Central Bank on 26 June 2018.
The re-domiciliation is planned to take effect on 1 October 2018 provided that necessary regulatory approvals have been obtained.
Domiciling in a country that is participating in the banking union is the best way to secure a fair, stable and predictable regulatory environment for Nordea on a par with its peers.
A re-domiciliation is expected by Nordea to promote the interests of customers, shareholders and employees. Nordea will continue to be a trusted partner that aims to offer its customers the best service in the market anytime, anywhere, and no changes in the day-to-day operations are expected from a customer perspective.
For further information:
Afroditi Kellberg, Chief Press Officer, Sweden, +46 73 350 5599