About us

On October 1st, SG Finans became part of Nordea Finance. The company is marketed under the trademark Nordea Finance and has the legal name Nordea Finance Equipment AS

About Nordea Finance Equipment AS

Nordea Finance Equipment AS is the leading company within equipment leasing and factoring in the Nordics.

Nordea Finance Equipment AS is a leading finance company in the Nordic region. Our services are marketed under the brand Nordea Finance. We are a part of the Nordea Group, and a separate sister company to Nordea Finans until we merge into one Nordea Finance. Through our network of 21 offices in Norway, Sweden and Denmark we have a strong local presence. We have total managed assets of NOK 42 billion and 360 skilled employees, all working to provide our more than 50.000 clients and partners with good solutions for their business.

Value and management

Business concept

With a local presence and a Nordic network, Nordea Finance Equipment will satisfy the Nordic business community's needs for capital-intensive equipment, liquidity and administrative services through flexible financial solutions.

Our values

Collaboration, Ownership, Passion and Courage


The Nordic's preferred finance company.

Our owners

Nordea Finance Equipment AS is a fully owned subsidiary of Nordea Bank Abp and is a part of Nordea Finance. Nordea is represented in 19 countries via several bank branches, subsidiaries and representative offices. We currently have 30,000 employees and more than 10 million customers in banking, asset management and insurance. Our head office is located in Helsinki.


Carsten Thorne

Press contact

Bård Hauge
Marketing Director

Our history

Elcon is established
Elcon is bought by Gjensidige.
Elcon Finans changes its name to Gjensidige
The name changes back to Elcon Finans, still with Gjensidige and then DNB as main owners
Elcon is established in Denmark
Elcon is established in Sweden
ELCON Finans is acquired by Santander Group and demergered, where one part is acquired by the Societe Generale Group, and SG Finans AS establishes
SG Finans AS is acquired by Nordea and Nordea Finance Equipment AS is established

Facts and figures

Facts and figures

  • 900,5 millions
    Profit 2019 in NOK
  • 39,6 billions
    Assets 2019 in NOK
  • 272
    Employees Norway
  • 42
    Employees Sweden
  • 45
    Employees Denmark
  • 359
    Employees Total
  • 26,6 %
    Market share leasing 2018
  • 34,0 %
    Market share factoring 2017


Nordea Finance shall contribute to raising awareness and compliance with the ethical standard required by the company. Furthermore, we expect our customers, cooperating suppliers and other contract partners to comply with a high ethical standard, and comply with the applicable laws and regulations at all times. Nordea Finance shall be characterized by a high ethical standard through our basic principles.

Nordea community engangement 

Anti-money laundering

In accordance with the Money Laundering Act, Nordea Finance has introduced several measures to detect and prevent money laundering.

The act relating to measures to combat money laundering and financing of terrorism etc. (The Money Laundering Act) aims to prevent and detect transactions associated with the proceeds of crime or with ties to terrorist acts. The law applies to all banks and finance companies in Norway including affiliates of foreign firms.

Nordea anti-money laundering


Skilled and motivated employees are a major cause for Nordea Finance Equipment's position as the leading finance company within equipment leasing and factoring. This will also be important for the future.

  • A strong and inclusive company culture based on a well endorsed set of values.
  • Competitive salary, good pension and insurance agreements, including health insurance, share programmes and favourable banking terms.
  • Satisfied coworkers who are proud to work at Nordea Finance Equipment.
  • Internal and external education.
  • Challenging tasks with possibilities of career related and personal development.
  • Balance between work and leisure with flexibel work hours and extra days off.
  • A holiday home programme in Scandinavia and abroad.