Friday, September 25, 2015

New purchase : Nordea Bank

New position started in portfolio Nordea Bank (NDA1V.HE).

Nordea Bank AB (the Bank) is a Sweden-based bank engaged in corporate merchant banking, as well as retail banking and private banking. The Bank reports three main business areas, namely Retail Banking, Wholesale Banking and Wealth Management. Retail Banking offers a range of banking products and services to household and corporate customers in the Nordic markets, as well as in Poland and the Baltic countries. Wholesale Banking provides banking and other financial solutions to large Nordic and international corporate, institutional and public companies. Wealth Management provides investment, savings and risk management products, manages customers’ assets and advises individuals, as well as institutional investors on their financial situation. In April 2014, the Company sold Nordea Polish bank, life and finance businesses to PKO Bank Polski. In July 2014, it completed divestment of its shares in Nets Holding

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