17.07.2013 15:26:00

Nordea Bank Finland Plc: Interim Report January-June 2013

Regulatory News:

The interim report of Nordea Bank Finland Plc (HEX:NDA1V) has been published. Only information having material influence on the value of securities is included in the press release. The full interim report is available at www.nordea.com/ Investor Relations/Financial Reports/Local Reports/Local Reports Finland.

Nordea Bank Finland Plc is a wholly owned subsidiary of Nordea Bank AB (publ), the listed parent company of the whole Nordea Group. This statutory interim report covers the operations of the legal entity Nordea Bank Finland Plc and its subsidiaries in Finlandand abroad.

The business operations of the Nordea Group have been organised in three main business areas, with full responsibility for their value chains: Retail Banking, Wholesale Banking and Wealth Management. The consolidated interim report of Nordea Bank AB (publ) embraces all the activities of the Nordea Group and provides the most complete and fair view. The Finnish Asset Management & Life operations are included in the interim report of the Nordea Group.

Summary of the first half of 2013

· The operating profit of Nordea Bank Finland Group decreased to EUR 557m

· Total income down 25% to EUR 1,122m

· Net interest income down 11%

· Net commissions were EUR -90m mainly due to higher guarantee expenses and bank tax

· Total expenses increased slightly to EUR 529m

· Net loan losses increased somewhat

· Loans to the public excluding repurchase agreements decreased by 3% year-on-year

Summary key figures   Jan-Jun   Jan-Jun   Change   Full year
    2013   2012   %   2012
Net interest income, EURm   566   636   -11   1,258
Total operating income, EURm   1,122   1,499   -25   2,824
Profit before loan losses, EURm   593   976   -39   1,753
Net loan losses, EURm   -36   -31   16   -144
Loan loss ratio, annualised, bps   7   6       14
Operating profit, EURm   557   945   -41   1,609
Return on equity, %   9.2   12.3       11.3
Tier 1 capital ratio, %   14.9   13.8       18.0
Total capital ratio, %   15.7   14.3       18.8
Number of employees (full time equivalents)   8,142   8,407   -100   8,252
 

In Stockholm

17 July 2013

Nordea Bank Finland Plc

Board of Directors

Nordea Bank Finland Plc, Interim Report January - June 2013

Nordea's vision is to be a Great European bank, acknowledged for its people, creating superior value for customers and shareholders. We are making it possible for our customers to reach their goals by providing a wide range of products, services and solutions within banking, asset management and insurance. Nordea has around 11 million customers, approximately 900 branch office locations and is among the ten largest universal banks in Europe in terms of total market capitalisation. The Nordea share is listed on the NASDAQ OMX Nordic Exchange in Stockholm, Helsinki and Copenhagen.

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