Nordea’s Nordic private banking division
posted a 25% jump in assets under management (AuM) in the 12 months
to December 2010, continuing its strong AuM gains in 2009.

Nordea’s Nordic and International private
banking AuM increased by 23% to €67.3bn this quarter, when compared
to the fourth quarter of 2009.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The leading Nordic private bank emerged
relatively unscathed from the post-crisis asset purge with these
2010 AuM gains coming on top of 29% growth in 2009.

 

Net new assets growth less
explosive

AuM for its Nordic division, comprising
Denmark, Finland, Norway and Sweden, rose to €57.3bn ($79.3bn), up
from €45.8bn reported in the fourth quarter of 2009.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The bank also posted a fourth quarter rise in
its international private banking AuM at €10bn, a 15% gain on the
same quarter the previous year.

Nordea’s net new assets results were less
flattering. The private bank only posted positive net inflow at
€0.2bn for 2010, while the Nordic region’s net inflow was
€2.8bn.