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From its base in Luxembourg, Nordea Bank S.A. continued to expand its activities in International Private Banking and Global Fund Distribution, thereby increasing both inflow and profits. 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 22.5 billion in assets under management last year. The bank remains financially strong, with capital and reserves growing to EUR 367 million, and the core tier 1 capital ratio increased to 14.37% at the end of year 2013.
Strengthened Wealth Planning offerings
Nordea International Private Banking’s business model was further developed to...
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