Nordea’s Nordic private banking division
posted a 25% jump in assets under management (AuM) in the 12 months
to December 2010, continuing its strong AuM gains in 2009.
Nordea’s Nordic and International private
banking AuM increased by 23% to €67.3bn this quarter, when compared
to the fourth quarter of 2009.
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The leading Nordic private bank emerged
relatively unscathed from the post-crisis asset purge with these
2010 AuM gains coming on top of 29% growth in 2009.
Net new assets growth less
explosive
AuM for its Nordic division, comprising
Denmark, Finland, Norway and Sweden, rose to €57.3bn ($79.3bn), up
from €45.8bn reported in the fourth quarter of 2009.
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By GlobalDataThe bank also posted a fourth quarter rise in
its international private banking AuM at €10bn, a 15% gain on the
same quarter the previous year.
Nordea’s net new assets results were less
flattering. The private bank only posted positive net inflow at
€0.2bn for 2010, while the Nordic region’s net inflow was
€2.8bn.
