the Decision on moving of head office of Nordea group from Sweden to Denmark or Finland which can be declared the other day, will not be reflected in the Russian business of group, and will globally render positive effect. Such opinion of experts is given by daily business newspaper "RBK daily" .
As are specified by the edition, the board of directors of Swedish was appointed to September 5 by Nordea where movement of head office will be discussed. The decision can be declared in the evening of the next day, is spoken in Citibank 'The Point for CEEMEA' review of September 5 (is at daily business newspaper "RBK daily"). For movement of headquarters , being now in Stockholm, are considered Helsinki and Copenhagen, is specified in the document.
Movement of a staff will positively be reflected byin Nordea stock quotations in short-term prospect and vice versa, is negative — in long-term, analysts of Citi note. "We estimate that the bank decision about moving — this improvement on 1,3 billion euro the net specified value (NPV — net present value, a difference between all monetary inflows and the outflows given to a present situation of time) because of lower taxes and fees" — it is said in the review with the instruction that it will give an increase in 3% to market capitalization .
But there are also reverse sides of moving. So, if the Nordea group moves to Copenhagen, the component of the capital of the first level (CET1), according to Citi, will decrease from 17,6% to 14,7%. "Meanwhile moving to Helsinki can lower requirements to the capital by the whole 6,8 percentage points, to 10,8% if European central bank establishes for the parameters of supervision close to methodologies which extend on other European banks" — analysts of Citi specify.
As told in the Nordea group press service, the group even considered a question of a constant place of stay of headquarters in the spring to provide the stable and predictable environment "on an equal basis with the European colleagues". Also there explained that the group will make the decision on September 6. "While the decision is not made, the group will not make comments on anything" — told in the press service.
In May, 2017 of FT with reference to the analyst of Berenberg Bank wrote that at transfer of headquarters from Sweden to Denmark or Finland the Nordea group can increase the profit by the sum up to 330 million euros.
considers a question of moving as reaction to decisions of Government of Sweden about increase of bank contributions, specified FT.<"26>"
Even if the Nordea group will decide to transfer head office from Sweden to any other Scandinavian country, it will not have any impact on the Russian division, the senior director of the financial organizations Fitch Danilov Alexander is sure. "From the point of view of increase or decrease in funding from parent structure you should not wait for any changes" — he adds.
C of 2015 Russian "daughter" of Nordea started curtailing retail business actively. So, in April, 2015 of that time chapter Open joint-stock company "Nordea bank" Bulantsev Igor declared that , having estimated dynamics of in the IV quarter 2014, decided to refuse retail crediting. Corporate borrowers became the main priority. At that time the retail portfolio made 25 billion rubles, and cumulative — 315 billion
at the beginning of 2017 declaredsale of a retail credit portfolio in which there was mainly a mortgage, to PUBLIC JOINT-STOCK COMPANY "SOVKOMBANK". For January 1, 2017 the retail credit portfolio of Open joint-stock company "Nordea bank" made 16 billion rubles.
"For Nordea sale of a retail credit portfolio is an important step within reduction of retail operations and strategy on construction to Russian Federation corporate and investment which realizes since 2015" — Open joint-stock company "Nordea bank" Mikhail Polyakov declared then in the press release.