The Biggest Nordic Bank Saw Its Swedish Mortgage Book Shrink

Nordea saw net outflows of almost 1 billion kronor in October
Lender says it’s ‘somewhat more cautious’ in mortgage market

Pedestrians pass a Nordea Bank AB bank branch in Gothenburg, Sweden.
Photographer: Erik Abel/Bloomberg

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By Niklas Magnusson and Hanna Hoikkala

November 28, 2017 at 3:50 PM UTC

Updated on

November 29, 2017 at 6:43 AM UTC

This article is for subscribers only.

For the first time in at least 15 years, the biggest Nordic bank has seen its Swedish mortgage book shrink.

The latest figures show Nordea Bank AB is losing clients in the biggest Scandinavian economy less than three months after saying it plans to move its headquarters to Helsinki from Stockholm for regulatory reasons.