Nordea Bank Danmark A/S Overview and Regulatory Environment

Nordea Bank Danmark A/S is a Danish bank with a long history dating back to 1820, making it one of the oldest banks in the country.

The bank has undergone significant changes over the years, including mergers and acquisitions, which have shaped its current structure.

Headquartered in Copenhagen, the bank operates across Denmark, offering a wide range of financial services to both individuals and businesses.

As a major player in the Danish banking industry, Nordea Bank Danmark A/S is subject to strict regulations and supervision by the Danish Financial Supervisory Authority.

Nordea has been recognized for its commitment to sustainability, being included in the S&P Global Sustainability Yearbook 2025 for the third consecutive year.

This distinction places Nordea among the top 15% of the world's most sustainable banks.

The bank has made significant progress in reducing emissions from its lending portfolio, with a 36% reduction so far.

Nordea is well on track to meet its 2030 target for the lending portfolio and continues to support the transition to a more sustainable future.

Since 2022, Nordea has facilitated more than EUR 185bn in sustainable financing, which is a significant step towards meeting its 2025 target of more than EUR 200bn.

Here are some key statistics on Nordea's sustainability efforts:

The Danish National Special Crime Unit charged Nordea Bank with AML failings on around €3.5bn of transactions from its Russian clients between 2012 and 2015.

This case is claimed to be the largest money-laundering case in Danish history. The indictment covers transactions totalling just over 26 billion krones (approximately €3.5bn).

Nordea did not adequately investigate the bank's Russian clients' transactions and ignored warnings about foreign exchange transactions in Copenhagen.

The Danish Financial Supervisory Authority investigated Nordea in 2015 and found no specific money laundering or intentional breaches of applicable legislation.

Nordea made a provision for anti-money laundering-related matters in Q1 2019 and has reviewed the provision level on an ongoing basis.

Here's an interesting read: In a Fractional Reserve Banking System Banks Create Money Because

The bank believes the current provision is adequate to cover this matter, supported by three separate external legal assessments.

Nordea has been working transparently with the Danish authorities for close to nine years and will await a decision by the courts.

The bank invested heavily in fighting money laundering and other financial crime and collaborates closely with the authorities to stop criminals and their activities.