As one of Norway’s leading banks, Nordea manages a significant number of Share Savings Accounts (ASK) for its clients. Ensuring accurate and timely tax reporting across thousands of accounts is no small task — particularly in a landscape shaped by frequent regulatory updates and growing complexity.
To address these challenges, Nordea sought a solution that could automate tax calculations, reporting to the Norwegian Tax Administration, and the generation of annual investor statements — all while reducing manual workloads and operational risk.
Euronext Securities Oslo partnered with Nordea to deliver the ASK Tax Reporting service — a secure, automated solution that integrates directly with Nordea’s systems. Through a dedicated web interface, the service streamlines ASK-related activities and ensures tax reporting accuracy from start to finish.
Euronext Securities Oslo’s ASK Tax Reporting service has been instrumental in streamlining our tax compliance processes. Their expertise and technology give us confidence that our clients’ tax obligations are managed accurately and efficiently.
— Per-Egil Segersten, Product Management and Oversight, Nordea Bank Abp
Since the implementation, Nordea has achieved a significant reduction in manual processes, improved operational efficiency, and strengthened client trust through transparent and reliable tax handling.
We are proud to support Nordea with our ASK Tax Reporting service, helping them navigate complex tax regulations and deliver a seamless experience for their clients. Our focus is on providing reliability, compliance and expertise. This service demonstrates our commitment to serving the retail investment market.
— Stef Lambersy, Head of CSD Tax Services, Euronext Securities