NORDEA BANK ABP

Nordea Bank Abp,[5][6] commonly referred to as Nordea, is a Nordic[7][8] financial services group operating in northern Europe with headquarters in Helsinki, Finland.[9] The name is a blend of the words "Nordic" and "idea".[10] The bank is the result of the successive mergers and acquisitions of the Finnish, Swedish, Danish, and Norwegian banks of Merita Bank, Nordbanken, Unidanmark, and Christiania Bank og Kreditkasse that took place between 1997 and 2001.[10] The Nordic countries are considered Nordea's home market, having finalised the sales of their Polish bank in 2014, Baltic operations in 2019[11] and completed the exit from Russia in early 2022 following a 2019 decision to close the business there.[12] Nordea is listed on Nasdaq Nordic exchanges in Helsinki, Copenhagen, and Stockholm and Nordea ADR is listed in the US.[11]

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NORDEA BANK ABP SWIFT Code

ID
Country
City
Bank or Institution
SWIFT Code
1
Finland
HELSINKI
/
NDEAFIHH
2
Finland
HELSINKI
/
NDEAFIHH030
3
Finland
HELSINKI
/
NDEAFIHHHAM
4
Finland
HELSINKI
/
NDEAFIHHIPL
5
Finland
HELSINKI
/
NDEAFIHHISA
6
Finland
HELSINKI
/
NDEAFIHHNCL
7
Finland
HELSINKI
/
NDEAFIHHNFC
8
Finland
HELSINKI
/
NDEAFIHHNFF
9
Finland
HELSINKI
/
NDEAFIHHNFH
10
Finland
HELSINKI
/
NDEAFIHHNMB
  • Total: 13
  • 1
  • 2
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About NORDEA BANK ABP

  • Company type
    Public limited company (Publikt Aktiebolag)
  • Industry
    financial services financial sector
  • Founded
    1820 as Sparekassen for Kjøbenhavn og Omegn
  • Headquarters
    Helsinki, Finland [ 2 ]
  • Key people
    Stephen Hester ( Chairman ) [ 3 ] Frank Vang-Jensen [ sv ] (President and CEO ) [ 4 ]
  • Products
    Corporate and retail banking , asset management
  • Revenue
    11,743,000,000 Euro (2023)
  • Number of employees
    29,153 (2023)
  • Website
    www .nordea .com

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Frequently Asked Questions

1. Why does NORDEA BANK ABP have different SWIFT Codes?

NORDEA BANK ABP operates differently across various countries, regions, and branches, with variations in business operations and clearing paths. To accurately identify and process NORDEA BANK ABP's cross-border payments and other transactions, different SWIFT Codes are used for distinction. Many large multinational banks have unique SWIFT Codes to their headquarters, regional branches, and overseas subsidiaries to ensure precise and secure fund transactions.

2. How do I know which SWIFT Code of NORDEA BANK ABP to use in a transfer?

It depends on the specific business scenario. For cross-border remittance to a branch of NORDEA BANK ABP, you can log on to the official website of NORDEA BANK ABP, or search the current page of XTransfer, or call NORDEA BANK ABP to inquire about the SWIFT Code of the branch. For international business, you should first coordinate with the relevant branch in the target country and confirm the correct SWIFT Code based on the exact information provided by your business partner.

3. Is there any pattern in the composition of different SWIFT Codes for a multinational bank like NORDEA BANK ABP?

Usually, SWIFT Code consists of 8 or 11 characters. For NORDEA BANK ABP, the first 4 digits represent the bank code, which is the same for NORDEA BANK ABP worldwide; the 5th and 6th digits are the country code; and the 7th and 8th digits are the region code, which will be different for branches in various regions. If the code includes 11 digits, the last 3 digits represent the branch code, which is used to distinguish different branches within the same region.

4. Will the SWIFT Code for NORDEA BANK ABP be updated or changed?

Yes. When NORDEA BANK ABP undergoes an organizational restructuring, such as a branch relocation, merger or split, or when there is a significant change in the financial system of the region where NORDEA BANK ABP is located, its SWIFT Code may be updated and changed. NORDEA BANK ABP will announce the changes in advance through its official website, mobile banking APP and other channels. Therefore, when handling cross-border business, customers should pay attention to the announcement of NORDEA BANK ABP in time to confirm the latest SWIFT Code information, so as to avoid affecting the business.

5. Do different SWIFT Codes of NORDEA BANK ABP support the same scope of business?

The scope of business is different. While the same bank can operate with different SWIFT Codes for the same basic types of business, there are differences for some specialized businesses or for businesses in specific regions. For example, the SWIFT Code of some branches may be specialized to support trade finance business, while the SWIFT Code of other branches is more convenient for cross-border e-commerce collection. In addition, for some emerging markets or country-specific business, only the SWIFT Code of a particular branch may have the authority to process it. When conducting international business, it is important to check whether the SWIFT Code of NORDEA BANK ABP supports the corresponding business.