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Despite sluggish macroeconomic development Nordea succeeded in expanding its activities in International Private Banking and Global Fund Distribution, as both business lines continued to attract customers and generate inflows of new assets. Nordea Bank S.A. consists of Nordea International Private Banking and Nordea Global Fund Distribution. The two business areas were able to attract new customers, and increased inflow of capital, and reached EUR 19.9 billion in assets under management last year, representing an increase of 4 billion compared to the previous year. The bank remains financially strong, with capital and reserves growing to EUR 328.0 million, and the core tier 1 capital ratio increased to 14.08% at the end of year 2012.
Strengthened Wealth...
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