Nordea Bank AB (the Bank) is a Sweden-based bank engaged in corporate merchant banking, as well as retail banking and private banking. The Bank reports three main business areas, namely Retail Banking, Wholesale Banking and Wealth Management. Retail Banking offers a range of banking products and services to household and corporate customers in the Nordic markets, as well as in Poland and the Baltic countries. Wholesale Banking provides banking and other financial solutions to large Nordic and international corporate, institutional and public companies. Wealth Management provides investment, savings and risk management products, manages customers’ assets and advises individuals, as well as institutional investors on their financial situation. As of December 31, 2012, the Bank’s main geographical market comprised the Nordic countries, the Baltic countries, Poland and Russia. As of December 31, 2012, the Bank had more than 30 directly and indirectly owned subsidiaries.