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EQS-News: Nordea Bank Abp: Nordea appoints new Chief Compliance Officer and new Chief Audit Executive

EQS-News: Nordea Bank Abp: Nordea appoints new Chief Compliance Officer and new Chief Audit Executive
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Nordea appoints new Chief Compliance Officer and new Chief Audit Executive

Nordea appoints new Chief Compliance Officer and new Chief Audit Executive
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EQS-News: Nordea appoints new Chief Compliance Officer and new Chief Audit Executive

EQS-News: Nordea appoints new Chief Compliance Officer and new Chief Audit Executive
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Nordea Group announces departure from Russia, plans to liquidate its Russian bank

Nordea Group announces departure from Russia, plans to liquidate its Russian bank
MOSCOW. Dec 18 (Interfax) - Nordea Group is closing its business in Russia and will concentrate its activity in the Nordic region, Nordea Bank Russia said in statement on its website.
In accordance with the Nordea Group s strategy, the business focus is on core customers from the Nordic region. Consequently, Nordea has decided to reduce its network of international branches, incl. closure and liquidation of Nordea Bank Russia, the statement said.
Nordea Bank will ensure fulfillment of all obligations to clients and provide comfortable conditions for closure of client accounts. During the liquidation process, Nordea Bank Russia will strictly comply with all requirements of the Russian legislation, it said. ....

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Nordea Will Exit Russia After Years of Cuts Targeting Risk

Nordea Will Exit Russia After Years of Cuts Targeting Risk
Bloomberg
12/18/2020
Kati Pohjanpalo
(Bloomberg) Nordea Bank Abp is winding down what’s left of its operations in Russia, after years spent cutting back its business there as part of a plan to minimize its risks.
The Helsinki-based bank had already axed its Russian retail business, but previously indicated it would keep some services open for corporate clients. Late on Thursday, it said its decision to focus on the Nordics entails the “closure and liquidation of Nordea Bank Russia.”
The biggest Nordic bank has spent the past half decade cutting thousands of jobs and shrinking its international presence in an effort to become a leaner, more profitable business. Its former chief executive officer, Casper von Koskull, had identified Russia as a market from which to retreat as part of a plan to “de-risk” the whole bank. ....

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