“Our personal customers have now been transferred to a new bank. The goal of this transaction has been to ensure that our customers continue to receive excellent service and access to a wide range of products. I am pleased that we have reached this important milestone, and I would like to extend a big thank you to all colleagues who have worked hard to achieve this, to everyone at Nordea for a great collaboration, and to our customers for their trust and patience during this process,” says Erlend Angelfoss, Country Manager at Danske Bank Norway.

Danske Bank announced 7 June 2023 that the bank would withdraw from the Norwegian retail market and announced 19 July 2023 that Nordea would be the buyer of the retail banking business in Norway.

The decision is part of Danske Bank’s Forward '28 strategy, aimed at continuing to develop the bank's operations, processes, and customer experiences.

“The divestment of our personal customer business in Norway is a key part of our Forward '28 strategy. This decision allows us to shift our focus to enhancing our services for business, corporate, and institutional customers. We have a strong foundation in these areas and are excited to further strengthen and grow our capabilities to become the leading bank for these sectors in Norway. We are convinced that Nordea is a good partner to take care of and further develop the relationships that we are proud to have built over the years,” says Angelfoss.

Danske Bank continues its presence as a dedicated commercial bank in Norway with a focus on corporate and large customer segments as well as institutional clients.

This marks the closure of the sale of Danske Bank’s personal customers business in Norway.

The approval by the Board on the intended dividend payment is still pending but expected before year-end as planned.