Nordea announces a strong start to 2009

Nordea announces a strong start to 2009

At today’s Extraordinary General Meeting (EGM) of Nordea Bank AB (publ), CEO Christian Clausen commented on the financial performance during the first two months of 2009.

During the first two months of 2009, Nordea has recorded strong growth in total operating income compared to the same period in 2008. The positive trend has been driven by an increase in net gains and losses reported in Capital Markets and Treasury and a continued positive development in net interest income, notwithstanding pressure on deposit margins.

The developments in both costs and loan losses during the first two months are in line with the expectations reflected in the Outlook statement in the Year-end Report that was published on 10 February.

In addition, risk-adjusted profit was, during the first two months in 2009, higher than in the same period in the previous year.

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