OREANDA-NEWS. June 10, 2009. On September 1, this year, Nordea's Russian subsidiary, JSB Orgresbank will start operating under the brandname Nordea.

„JSB Orgresbank has been part of the Nordea Group for two years, Orgresbank has adopted the Nordea values and standards. We have seen a substantial business growth and a significantly strengthened position in Russia,“ said Thomas Neckmar, Nordea’s Head of New European Markets.

The change will be visible in the bank's over 50 branch offices in Russia by the end of this year.

Effective from 6 May, Nordea Bank AB owns 100% of Orgresbank. The adoption of the Nordea brand by the Russian subsidiary testifies to the reliability of the Group.

Nordea Bank Estonia is part of the biggest Nordic financial group. The group has around 10 million customers, approximately 1,400 branch offices and a leading netbanking position with 5.1 million e-customers. The noted financial publication Global Finance ranked Nordea Bank at the top of world’s most trustworthy banks.