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Nordea Bank AB (NDA.ST)

NDA.ST on Stockholm Stock Exchange

100.30SEK
15 Dec 2017
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0.30kr (+0.30%)
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Latest Key Developments (Source: Significant Developments)

Nordea gives higher range of savings for planned HQ move to Finland
Thursday, 14 Dec 2017 02:00am EST 

Dec 14 (Reuters) - Nordea ::SAYS EXPECTS NET PRESENT VALUE OF SAVINGS RELATED TO RESOLUTION FEES, DEPOSIT GUARANTEES ARISING FROM THE RE-DOMICILIATION TO FINLAND TO BE APPROXIMATELY EUR 1.1-1.3 BLN‍​.SAYS THE NPV COMPARES TO EUR 1.0-1.1 BLN THAT WAS COMMUNICATED IN THE PRESS RELEASE PUBLISHED BY NORDEA ON 6 SEPTEMBER 2017.SAYS THE RESOLUTION AND DEPOSIT GUARANTEE FEES FOR 2018 ARE EXPECTED TO INCREASE BY APPROXIMATELY EUR 60-150M COMPARED TO 2017.SAYS FOR 2019 THE FEES ARE EXPECTED TO BE APPROXIMATELY EUR 0-70M HIGHER COMPARED TO 2017.SAYS THESE FIGURES ARE BASED ON THE RE-DOMICILIATION TAKING PLACE ON 1 OCTOBER 2018.SAYS EXPECTS THAT A CHANGE OF DOMICILE OF THE PARENT COMPANY OF THE NORDEA GROUP WILL, TO SOME DEGREE, AFFECT THE APPLICABLE CAPITAL AND LIQUIDITY REQUIREMENTS..SAYS STILL TOO EARLY TO HAVE A VIEW OF HOW THE TOTAL CAPITAL REQUIREMENTS FOR THE NORDEA GROUP WILL BE AFFECTED BY A RE-DOMICILIATION.  Full Article

Denmark announces changes to social housing financing model
Monday, 11 Dec 2017 03:19am EST 

Dec 11 (Reuters) - DANISH HOUSING MINISTRY SAYS::IN NOVEMBER 2017 THE GOVERNMENT REACHED AN AGREEMENT WITH THE MORTGAGE BANKS ABOUT CHANGES TO THE EXISTING SOCIAL HOUSING FINANCING MODEL.THE CHANGES PERTAIN TO NEW AND EXISTING STATE SUPPORTED CONSTRUCTION LOANS AS WELL AS NEW AND EXISTING RENOVATION LOANS SUPPORTED BY LANDSBYGGEFONDEN.ADJUSTABLE-RATE MORTGAGE LOANS WITH A 10-YEAR INTEREST.FIXING PERIOD WILL BE USED TO FINANCE LOANS GRANTED UNDER THE NEW SET OF RULES .THE DANISH STATE EXPECTS TO PURCHASE NEW SOCIAL HOUSING MORTGAGE BONDS AND BONDS ISSUED BY KOMMUNEKREDIT FOR UP TO 42.5 BILLION DANISH CROWNS ($6.7 billion).IN 2018 THE STATE EXPECTS TO PURCHASE ALL THE NEW SOCIAL HOUSING MORTGAGE BONDS.BEFORE THE NEW SOCIAL HOUSING FINANCE MODEL WILL BE IMPLEMENTED IT REQUIRES AN APPROVAL OF THE FINANCE ACT OF 2018 BY A POLITICAL MAJORITY IN THE PARLIAMENT.​.THE LARGEST MORTGAGE LENDERS IN DENMARK ARE DANSKE BANK <<>>, NORDEA <<>>, NYKREDIT <<>> AND JYSKE BANK <<>>.($1 = 6.3158 Danish crowns).  Full Article

Nordea says CFO Ilkka to leave bank by end of Q1 2018
Wednesday, 15 Nov 2017 04:19am EST 

Nov 15 (Reuters) - Nordea :Group CFO Heikki Ilkka to leave Nordea.Says ‍Heikki Ilkka will end his employment with Nordea by end of Q1 2018​.Says ‍a process to identify a new group CFO for Nordea Bank AB (publ) has been initiated​.Says ‍Ilkka has decided to leave Nordea to return to auditing and re-join ey as a partner​.  Full Article

Nordea CEO says re-location to affect "limited number" of staff
Wednesday, 6 Sep 2017 11:29am EDT 

Sept 6 (Reuters) - Nordea :Nordea CEO says number of staff that will be moved to Finland will be "a quite limited number".  Full Article

Nordea says cooperates with Danish authorities in money laundering probe
Tuesday, 15 Aug 2017 09:45am EDT 

Aug 15 (Reuters) - Nordea :Nordea comment on media enquiry about ongoing investigation by Danish Prosecution Service.Says our focus is to fully cooperate with prosecution service and we are committed to ensuring access to all relevant information.Says last week Nordea in Denmark as expected received a visit from representatives for the Danish Prosecution Service as they have now formally opened an investigation.  Full Article

Höegh LNG secures $230 mln debt financing for FSRU unit
Monday, 24 Jul 2017 02:43am EDT 

July 24 (Reuters) - Hoegh Lng Holdings Ltd ::Reg-Höegh lng : secures debt financing for fsru#8.Has received commitment letters for a usd 230 million debt financing for fsru#8 (floating storage and regasification units (.Facility comprises a 12 year export credit agency ("eca") term loan of up to usd 150 million backed by garantiinstituttet for eksportkreditt ("giek") and eksportkreditt of norway, and a 5 year non-amortising commercial bank loan of up to usd 80 million funded by ABN Amro bank, danske bank, nordea and swedbank.Facility is available to fund 65% of delivered cost of fsru with no employment requirement, increasing to 75% upon securing long-term employment.Hoegh lng: interest rate will be swapped from floating to fixed, and at current market conditions fixed interest rate is expected to be at around 4.1 pct.Höegh LNG provides floating energy solutions and operates world-wide with a leading position as owner and operator of floating LNG import terminals; floating storage and regasification units (FSRUs).  Full Article

Nordea aims to merge with Scandinavian subsidiaries by early 2017
Thursday, 8 Dec 2016 09:15am EST 

Nordea Bank AB : says board of directors of nordea bank ab has decided to continue cross-border mergers between nordea and its subsidiary banks nordea bank danmark, nordea bank finland and nordea bank norge, respectively, with aim to complete mergers by early 2017 .All relevant approvals needed in order to execute the merger between Nordea Bank Finland and Nordea Bank AB have been obtained. The processes related to authority approvals in Denmark and Norway are ongoing and perceived as constructive.  Full Article

Swedish FSA says Nordea needs to hold more capital
Monday, 3 Oct 2016 08:10am EDT 

Sweden's Financial Supervisory Authority, on Nordea capital requirements: Swedish FSA says Nordea's probability of default estimate needs to be raised to an extent that corresponds to an additional own funds requirement of 13.8 billion Swedish crowns ($1.62 billion) (eur 1.47 billion), of which SEK 11.0 billion crowns shall consist of CET Tier 1 capital . Says Nordea investigation has not been concluded yet; to date Finansinspektionen has only sent a first verification letter to the bank outlining the government agency's preliminary assessments .Says until Nordea rectifies the identified deficiencies in its internal models, the bank must provide additional capital corresponding to the above amount as part of its Pillar II capital requirements.  Full Article

Gjensidige Forsikring issue NOK 1 bln bond
Monday, 29 Aug 2016 06:48am EDT 

Gjensidige Forsikring Asa : successful placement of restricted tier 1 bond issue . Today issued a perpetual restricted tier 1 bond amounting to nok 1,000 million with a coupon of 3m nibor + 3.60 percentage points p.a. and with a call option for issuer after five years . Bond fulfills regulatory requirements as tier 1 eligible capital under solvency ii and achieves intermediate equity content under s&p rating model .Dnb markets and nordea markets were advisors and managers for transaction.  Full Article

Nordea completes 8.4 bln EUR corporate and SME loan securitisation
Wednesday, 24 Aug 2016 07:30am EDT 

Nordea Bank Ab : Nordea Bank AB ("Nordea") has announced that it has entered into a synthetic risk transfer trade related to EUR 8.4bn of Nordea's loan portfolio . Under the transaction, investors have agreed to invest in notes linked to the junior credit risk of the portfolio . The selected portfolio consists of approximately EUR 8.4bn in corporate and SME loans from over 3,000 borrowers across Sweden and Denmark, spread across a wide range of industries and asset classes .No specific industry class was targeted for the transaction.  Full Article

BRIEF-Nordea gives higher range of savings for planned HQ move to Finland

* SAYS EXPECTS NET PRESENT VALUE OF SAVINGS RELATED TO RESOLUTION FEES, DEPOSIT GUARANTEES ARISING FROM THE RE-DOMICILIATION TO FINLAND TO BE APPROXIMATELY EUR 1.1-1.3 BLN‍​