Nordea Headquarters to Stay in Stockholm, SvD Naeringsliv Says

Nordea Bank AB (NDA) seeks to grow organically rather than through acquisitions and its headquarters will remain in Stockholm, Svenska Dagbladet Naeringsliv reported, citing retiring Chairman Hans Dalborg.

Dalborg, who is stepping down at the annual shareholders’ meeting on March 24, doesn’t foresee any big deals in the Swedish banking industry in the near future, the newspaper quoted him as saying. He said Nordea’s growth will come from measures such as opening new offices in the fast-growing Polish market, SvD Naeringsliv reported.

To contact the reporter on this story: Janina Pfalzer in Stockholm at jpfalzer@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

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