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Nordea is rapidly expanding its operations in Estonia, enabled by the country’s agile business environment

The Nordic universal bank Nordea has been rapidly expanding its operations in Estonia in the past five years and after the latest expansion is complete, Nordea Estonia’s number of employees will be near 900.

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„We are grateful that last year we were able to successfully grow our operations in Estonia and support our Nordic customers without any failures,“ Tiina Käsi, the Head of Nordea Estonia said. „This was possible thanks to our customers’ and owners’ trust in us and the agile business environment offered by Estonia.“

Nordea Estonia’s truly international team has members from 40 different nationalities. Nordea is actively cooperating with Estonia’s higher education institutions. As the number of KYC and Transaction Monitoring needed is constantly growing in Nordea, they actively contribute to educating the next generation of specialists in cooperation with the Estonian Unemployment Insurance Fund and Estonian Entrepreneurship University of Applied Sciences.

Estonia is a safe and trustworthy location

„Nordea’s expansion shows that in the eyes of foreign investors, Estonia is a safe and trustworthy location,“ the Head of Estonian Investment Agency, Joonas Vänto said. „Our Director of Business Development in Finland, Ms. Pilvi Hämäläinen and Deputy Head of Global Business Development, Mr. Toomas Meltsas have done a superb job doing both, attracting new investors to Estonia and helping the existing ones – as shown by the expansion of Nordea.“

According to Käsi, for Nordea Estonia and the whole Nordea Group, the cooperation with Invest Estonia has been very valuable during Nordea’s expansions here.

A smart, agile location for business

Finland-based Nordea is a universal bank with a 200-year history of supporting and growing the Nordic economies.

The Estonian Investment Agency (EIA), a part of Enterprise Estonia, is a government agency promoting foreign investments in Estonia and assisting international companies in finding business opportunities here.

World-class human capital, unique digital capabilities and a competitive business environment make Estonia a smart, agile location for businesses with global ambitions, such as Nordea.

Wish to do business in Estonia? Send us a request for e-Consulting to get started.

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