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Nordea Holding receives banking licence from European Central Bank.

BANKING AND CREDIT NEWS-June 27, 2018--Nordea Holding receives banking licence from European Central Bank

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Global Banking News - 27 June 2018

Nordea Holding Abp has said that it has acquired a banking licence from the European Central Bank, an online report said.

The licence follows Nordea's plans to move into the banking union and the merger of Nordea Bank AB (publ) into Nordea Holding Abp.

The banking licence granted by the European Central Bank to Nordea Holding Abp is also a key step for Nordea's re-domiciliation to Finland, a member state of the banking union. Approximately 96 percent of the company's shareholders have voted in favour of a re-domiciliation at the Annual General Meeting of Nordea Bank AB (publ) on March 15, 2018. Following the receipt of the banking licence, Nordea Holding Abp will also change its name to Nordea Bank Abp.

The merger for the re-domiciliation is planned to be effective in October, 2018, subject to necessary regulatory approvals, the report said.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

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Publication:M2 Banking & Credit News (BCN)
Date:Jun 27, 2018
Words:194
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