Interim Report January - June 2008

High business activity and record results from customer areas* Income EUR 3,953m (EUR 3,830m in the first half year 2007), up 3%* Limited impact from volatile and weakened financial markets* Net interest income EUR 2,411m (EUR 2,047m), up 18%* Profit before loan losses EUR 1,825m (EUR 1,830m)* Loan losses EUR 57m (positive EUR 41m), a loan loss ratio of 5 basis points* Risk-adjusted profit EUR 1,185m (EUR 1,197m), down 1%* Return on equity 16.0% (19.5%)* Earnings per share EUR 0.53 (EUR 0.58)* Nordea expects to deliver growth in risk-adjusted profit of approx. 5% for the full year (for full outlook for 2008, see page 7)Continued strong delivery from growth initiatives* Total lending up 16%* Corporate lending up 20%* Total deposits up 11%, of which savings accounts up 23%* Number of Gold customers up 6%, number of Private Banking customers up 12%* Increased corporate lending margins* Strong development in customer-driven capital markets activities* Strong profit growth in New European Markets, loan losses remained at a very low level* Efficiency gains from the future branch initiative - more time for advisory meetings"I am pleased that we have been able to maintain a high activitylevel and report record results in customer areas in a period withweakened and volatile financial markets. This is due to a combinationof a focused organic growth strategy, a well diversified businessstructure and lending book, and funding operations performingstrongly. We continue to deliver on our growth initiatives and westand by our long-term financial targets although increasingmacroeconomic uncertainty and volatile financial markets put somepressure on the short-term development of risk-adjusted profit", saysChristian Clausen, President and Group CEO of Nordea.For further information:Christian Clausen, President and +46 8 614 7804Group CEOArne Liljedahl, Group CFO/EVP +46 8 614 7996Johan Ekwall, Head of Investor +46 8 614 7852 (or +46 70 607 92Relations 69)Lauri Peltola, Head of External +358 9 165 (or +358 50 570Communications 42325 5606)The complete report including tables can be downloaded from theattached link. The report is also available on the Internet atwww.nordea.com.

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