* Nordea says could move HQ from Sweden
* Comments regard resolution fund fee proposal
* Swedish finance minister defends proposal
(Adds finance minister comments)
STOCKHOLM, March 14 Nordea may move its
headquarters from Sweden if the government adopts a proposal to
raise the fees lenders pay to the country's resolution fund, the
bank's chief executive told business daily Dagens Industri (DI)
The government last month said it had abandoned a proposal
for a payroll tax for financial services, commonly known as a
Instead it said it would raise the fee banks pay to the
resolution fund - money that is available to bail out failing
CEO Casper von Koskull said the bank - the Nordic region's
biggest - had told the Swedish government it was considering a
relocation of its headquarters.
"The resolution fee makes it impossible for us to say we
have the same rules in Sweden as in the rest of Europe. Of
course we need to consider and examine the alternatives," he
Sweden's Finance Minister Magdalena Andersson defended the
proposal, saying Nordea's large profits and increased risks to
Swedish taxpayers following the bank's reorganisation demanded a
higher resolution fund fee.
Nordea has a new legal structure from the start of 2017,
changing its subsidiary banks in Denmark, Finland and Norway to
branches of the Swedish parent company.
"That also means that the risks for Sweden increase,"
Andersson told news agency TT.
The government has long sought to impose a financial
services tax, saying the sector - which is exempt from
value-added tax - is doing well and should pay more to the
(Reporting by Helena Soderpalm and Johannes Hellstrom; editing
by Jason Neely and Louise Heavens)