Third Quarter Report 2010

Strong customer activity and record income

CEO Christian Clausen's comment to the report:
"Nordea had a strong quarter, with record level income and one of our highest
operating profits ever. Underlying customer business continues to grow, loan
losses decrease and the risk-adjusted profit is back at the levels of last year.

We have welcomed more than 150,000 new Gold and Private Banking customers so far
this year. More than 100,000 come from outside the bank, and their appreciation
of our services is high and increasing. Our relationships with corporate
customers are strong, with a high increase in income. Assets under management
continue to grow strongly with a high net inflow.

The strong results reflect a successful execution of our growth initiatives. We
will proceed on our journey towards Great Nordea by continuing to increase
efficiency and delivering great customer experiences." (For further viewpoints,
see CEO comments, page 2)

Third quarter vs second quarter:
  * Total income up 9%
  * Number of Gold and Private Banking customers up 47,500, a 7% annualised
    growth rate
  * Net loan losses down 16% to 22 basis points, excluding provisions for the
    Danish guarantee scheme
  * Operating profit up 32%, due to higher net interest income and net fair
    value result
  * Outlook. The outlook is unchanged. (For full outlook, see page 8)

+-------------------------------+-----+-----+----+-----+----+
|Summary key figures,           |   Q3|   Q2|Ch.%|   Q3|Ch.%|
|EURm                           | 2010| 2010|    | 2009|    |
+-------------------------------+-----+-----+----+-----+----+
|Net interest income            |1,310|1,249|   5|1,321|  -1|
+-------------------------------+-----+-----+----+-----+----+
|Total operating income         |2,363|2,161|   9|2,277|   4|
+-------------------------------+-----+-----+----+-----+----+
|Profit before loan losses      |1,167|  975|  20|1,190|  -2|
+-------------------------------+-----+-----+----+-----+----+
|Net loan losses                | -207| -245| -16| -358| -42|
+-------------------------------+-----+-----+----+-----+----+
|Loan loss ratio annualised, bps|   29|   35|    |   54|    |
+-------------------------------+-----+-----+----+-----+----+
|Operating profit               |  960|  730|  32|  832|  15|
+-------------------------------+-----+-----+----+-----+----+
|Risk-adjusted profit           |  707|  516|  37|  729|  -3|
+-------------------------------+-----+-----+----+-----+----+
|Diluted earnings per share, EUR| 0.18| 0.13|    | 0.15|    |
+-------------------------------+-----+-----+----+-----+----+
|Return on equity, %            | 12.2|  9.5|    | 11.7|    |
+-------------------------------+-----+-----+----+-----+----+

For further information:
Christian Clausen, President and Group CEO, +46 8 614 7804
Fredrik Rystedt, Group CFO, +46 8 614 7812
Rodney Alfvén, Head of Investor Relations, +46 8 614 7880 (or +46 72 235 05 15)
Jan Larsson, Head of Group Identity & Communications, +46 8 614 7916 (or
+46 70 593 34 12)


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