Summary: Nordea Bank AB Oct 05
- ID: 1710598
- October 2005
- Standard & Poors
The ratings on Nordea group's banking operations in the Nordic region, Sweden-based Nordea Bank AB, Finland-based Nordea Bank Finland PLC, Norway-based Nordea Bank Norge ASA, and Denmark-based Nordea Bank Danmark A/S reflect the group's solid earnings from its core banking operations, substantial diversification of revenues and risk, and satisfactory asset quality and capitalization given its current risk profile. With assets of €311.3 billion ($379.7 billion at €1 to $1.22) at June 30, 2005, the Nordea group (Nordea) is one of the largest banking groups in the Nordic region. Its wide franchise--covering Denmark, Finland, Norway, and Sweden--is strong and provides a solid platform for continued generation of revenues, particularly in the wholesale and corporate banking business. For full-year 2004 and the...
Companies mentioned in this report are:
- Nordea Bank AB
- Nordea Bank Norge ASA
- Nordea Bank Finland PLC
- Nordea Bank Danmark A/S
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