[ad_1]
"This is an important step for us and it underscores our strategy and our ambition to grow on the important Norwegian market.As the largest bank of the Nordic Bank, it is natural that we were beginning to cooperate with the main Norwegian insurance company, "says Snorre Storset, director of Nordea Norway, in a press release
.The acquisition will be completed in the first quarter of next year after the approval of the competent authorities.
This acquisition makes Nordea Norway the second largest bank in the country Storbank's volume of loans to the Norwegian market increases by 4,840 million 39; euros from the acquisition, according to the figures of Gjensidige at the end of the year
Nordea provides annual cost synergies of just over 25 million from euros until 2022 per share is affected positively from the first year and the big bank expects a return on capital invested capital ratio of 16 per cent to 2022. The core capital ratio decreases by more than 60 points according to the press release.
Source link
