Merita Bank

Nordea Bank AB

Type	Publicly traded Aktiebolag
Traded as	Nasdaq Stockholm: NDA SEK Nasdaq Helsinki: NDA1V
Industry	Financial services
Founded	2000; 18 years ago (2000)
Headquarters	, Sweden, to be moved to Helsinki, Finland in October 2018
Key people	Björn Wahlroos (Chairman), Casper von Koskull (President and CEO)
Products	Corporate and retail banking, asset management
Revenue	€9.303 billion (2016)
Operating income	€4.625 billion (2016)
Net income	€3.766 billion (2016)
Total assets	$615.659 billion (2016)
Total equity	€32.409 billion (2016)
Number of employees	31,596 (FTE, end 2016)
Website	Nordea.com
Footnotes / references

Nordea Bank AB, commonly referred to as Nordea, is a Nordic financial services group operating in Northern Europe. The bank is the result of the successive mergers and acquisitions of the Finnish, Danish, Norwegian and Swedish banks of Merita Bank, Unibank, Kreditkassen (Christiania Bank) and Nordbanken that took place between 1997 and 2000. The Baltic states are today also considered part of the home market. The largest share holder of Nordea is Sampo, a Finnish insurance company with around 20% of the shares. Nordea is listed on the , and .

Nordea operates across both the Nordic and Baltic regions with over 1,400 branches. The bank is present in 19 countries around the world, operating through full service branches, subsidiaries and representative offices, although primarily provides services in Finland, Norway, Denmark, Sweden, Estonia, Latvia and Lithuania. In 2017, following controversies with the Swedish Central Bank, Nordea decided to move its headquarters to Helsinki.

Nordea serves 11 million private and 700,000 active corporate customers. The group also operates an internet bank, which has more than 5.9 million online customers doing more than 260 million payments per year.

Nordea is the result of the successive mergers and acquisitions of the Swedish, Finnish, Danish and Norwegian banks of Nordbanken, Merita Bank, Unibank and Kreditkassen (Christiania Bank) that took place between 1997 and 2000. The name Nordea comes from the Swedish bank Nordbanken, which was based on PK-banken (Post och Kreditbanken; owned by Swedish state) which in 1990 purchased the smaller private bank Nordbanken, and picked up that name. The name is also a contraction of the words Nordic and ideas. PK-banken was formed in 1974 at a merger between Postbanken (formed 1884) and Sveriges Kreditbank (formed 1923), both state owned. Merita Bank was a 1995 merger of the former main rivals in Finland, the originally Svecoman Union Bank of Finland (Suomen Yhdyspankki) founded in 1842 and the Fennoman National Share Bank (Kansallis-Osake-Pankki) founded in 1889.