Nordea has taken the decision to re-domicile to Finland, which is a member of the European banking union. The re-domiciliation is planned to take place on 1 October 2018 once all the necessary approvals from the authorities have been obtained. This change does not require any action from our customers.
The re-domiciliation will bring Nordea under the regulations of the European banking union, giving it a stable environment to develop and maintain its unique, competitive and high-quality services.
Customer services and banking will remain unchanged
The services provided to Nordea’s customers will remain unchanged after the re-domiciliation.
No changes to the amount of deposits guaranteed
Our customers’ deposit guarantee and investors’ compensation scheme will become subject to Finnish regulations. The amount of deposits guaranteed will remain the same at EUR 100,000. The investors’ compensation scheme will compensate non-professional investors for their losses up to a maximum of EUR 20,000.
The shareholders of Nordea approved the proposal for re-domiciling Nordea to Finland at the Annual General Meeting held on 15 March 2018.The move is expected to take place on 1 October 2018. This requires that all necessary approvals have been obtained from the relevant authorities.
Customers will be informed of the change of domicile by letter during May and June. A letter will also be sent to all customers whose account has been dormant for a long time.