Nordea Bank Abp
- TickerNDA DK
- ExchangeNasdaq Nordic Copenhagen
Nordic banks have issued â‚¬4.25bn in green senior unsecured paper targeting 10 different UN sustainable development goals. We expect the Nordic green bond market to continue growing and become more varied also as there is no social/ sustainable bond yet issued. The first green redemptions are due in 2022.
Strategy: Forecast supply is low in October, but we are very bullish on credit starting this month. Financials: Nordea and DNB close the sale of Luminor, the transaction was already announced a year ago and should thus not have a spread impact. Utilities: Fluvius: 1H19 results in line; bonds are cheap
We take a look at the Nordic bank fundamentals and relative value in senior and subordinated debt. The Swedish banks such as Handelsbanken, SEB and Swedbank exhibit solid profitability and robust capital generation capacity. Danske and Nordea lagged the Swedes in 1Q19. Please download the full report.
The general evaluation of NORDEA BANK AB (SE), a company active in the Money Center Banks industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date June 5, 2020, the closing price was SEK 70.64 and its potential was estimated at SEK 74.17.
In general, Nordea Bank ("Nordea") is in compliance with the Finnish regulations relating to the organisation and procedures of the AGM. Under ITEM 9 discharge of the board of directors & CEO is sought. ECGS notes that the relevant supervisory authorities have conducted ongoing investigations (among others) regarding Nordea's compliance with anti-money laundering (AML) regulation. As long as the results of these investigations are unclear, ECGS is unwilling to grant discharge to the members of the board of directors and the CEO. Accordingly, ECGS recommends to vote OPPOSE. Under ITEM 1...