finland

Finnish savers deserve more options than what is offered by the Jurassic banks. Customers will no longer allow themselves to be deceived by anyone who claims that saving is difficult. With the help of tools such as our online Investment Guide and our new Mutual Funds Portal, people can now invest their savings themselves, with ease and plenty of freedom of choice.

The acquisition of eQ has led to Nordnet's market share in Finland more than doubling. In the first six months of 2010, the emphasis will be on finalising the
integration work. We are combining the best of two worlds with a view to becoming the best organisation on the market for modern banking customers.

As far as products are concerned, Nordnet will be offering solutions in 2010 which will give Finnish customers greater control of their savings. We will be launching a new savings account, introducing a new reporting model for customers' share portfolios and enhancing customer service. Over the year, more Finnish savers will realise that taking control of their money is easy.

Nordnet is one of the biggest brokers in Finland, viewed in terms of both turnover and number of trades. This is a position on which we will base our further progress. Good service never goes out of fashion, and as a market leader our customers expect more. With a combination of smart products and
an active attitude towards saving, we will continue to strenghten our relations with Finnish savers.


highlights in 2009

  • Acquisition of eQ Bank, the biggest Internet broker in Finland
  • More than doubled market share on the Helsinki stock exchange
  • Greater freedom of choice on the mutual funds market with the launch of the Mutual Funds Portal

 


Key figures

Finland 2009 2008 Change
Operating income, SEKm
179.7 29.2 515%
Operating result, SEKm
-0.5 -0.6 17%
Operating margin
neg neg -
Number of active accounts
69,100 9,500 627%
Savings capital, SEKbn
25.5 1.8 1317%
Number of trades
1,896,700 1,047,200 81%