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| Author: | Avery, H. Kimbell, D. |
| Title: | Nordic banks aim for cross-border growth |
| Journal: | Euromoney
2005 : APR, VOL 36:432, p. 74, 76 |
| Index terms: | Banking Banks Managers Nordic countries Scandinavia |
| Language: | eng |
| Abstract: | In global terms, the Nordic region does not register highly in private banking. The size of the whole Nordic private banking market is estimated by industry consultants to be smaller than that of Spain. This has discouraged international banks from establishing businesses, leaving the Nordic banks and their private banking arms to fight it out for the small customer base. However, it's a growth market. The number of affluent Nordic individuals is estimated to be set to increase by some 5 per cent by 2007. Euromoney has interviewed the heads of the private banking business of SEB and Nordea how they are managing for growth. |
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