Total assets of Nordea 2014-2019

The value of the total assets of the Nordic bank Nordea Bank Abp decreased annually during the period from 2014 to 2018. In 2014, the total assets were worth around 669 billion euros, and in 2018 this value had dropped to around 551 billion euros. In 2019, the total assets increased to roughly 555 million euros. In 2019, Nordea had 9.2 million household customers in the Nordic countries, and roughly 532 thousand corporate and institutional customers. The highest number of household customers was in Sweden, whereas the highest number of corporate customers was in Finland.

Change of headquarters

     In October 2018, Nordea moved their headquarters from Stockholm to Helsinki. The reason was to move the bank into the Banking Union and the Single Supervisory Mechanism, which Finland, as the only one of Nordea’s home markets, was already a part of. As a result, Nordea’s Common Equity Tier 1 capital ratio dropped in 2018, after it had increased every year since 2014. It changed from 19.5 percent in 2017, down to 15.5 percent in 2018.

The formation of Nordea

   Nordea was formed between 1007 and 2000, through a merge between banks in Finland, Denmark, Norway and Sweden between. Its home markets are the Nordic countries including the Baltics. As of 2019, Nordea had 29 thousand full-time equivalent employees, a decrease from the peak of around 31.6 thousand in 2016.