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Nordea Bank AB is the largest Nordic bank and among the ten largest universal banks in Europe in terms of total market capitalization. The bank is headquartered in Stockholm, Sweden, and has around 11 million customers. The Nordea share is listed on the NASDAQ Nordic Exchange in Stockholm, Helsinki, and Copenhagen.
Currently Sampo plc holds 860,440,497 Nordea shares corresponding to a holding of 21.25 per cent. Sampo’s holding exceeds 20 per cent and, therefore, Nordea has been accounted as an associated company in Sampo Group’s accounts since 31 December 2009. Sampo’s share of Nordea’s net profit is shown on the face of Sampo Group’s profit and loss account on the line of Share of associate’s profit/loss.