Banks, Deposits, Estonia, Financial Services, Loan

The bank reported that the focus of the activity is on strengthening its position as savings and investment service provider, which boosted the volume of investment products by 35% as compared to last year. Assets under management of Nordea pension funds increased by 42%, surpassing the total of 108 million euros.

"For Nordea, one of this year's most important developments was taking over management of ERGO pension funds. With the transaction, we will increase further the market share of Nordea's pension funds, number of customers and the volume of assets under management," said Andreas Laane, Head of Nordea bank. Nordea is the new ERGO pension funds fund management from 1 September.

Nordea Estonia's customer deposits grew in the first half of 2014 compared to the first half of last year by a total of 5%, whereas the volume of deposits of private individuals has grown by 24%, surpassing 360 million.

Nordea Estonia's loan portfolio formed more than 3.2 billion euros at the end of June, of which leasing portfolio formed 653 million euros. Private persons loan and leasing portfolio grew by 4%, corporate lending and leasing portfolio 3%.

The number of clients has grown by 4.6%, mainly due to new everyday banking customers, but the number of customers of leasing and pension funds has also increased.