Nordea notes growing competition in Norwegian private banking market

The AUM at Nordea Private Banking in Norway has increased fivefold over the past eight years, but competition is heating up, says domestic Head of Private Banking Torsten Østensen.
Head of Private Banking at Nordea in Norway, Torsten Østensen | Photo: Nordea
Head of Private Banking at Nordea in Norway, Torsten Østensen | Photo: Nordea
by sebastian holsen, translated by catherine brett

Nordea Private Banking in Norway recently surpassed NOK 100bn (EUR 10.1bn) in AUM, but the head of the division Torsten Østensen tells AMWatch's sister media FinansWatch.no that competition is getting fiercer.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
  • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading