Nordea: Harri Sailas and Peter Lybecker to Head Retail Banking in Finland and Denmark


STOCKHOLM, Sweden, Sept. 30, 2002 (PRIMEZONE) -- Nordea (Other OTC:NRDDF) (Stockholm:NDA) has appointed new heads of Retail Banking operations in Finland and Denmark. New head of Retail Banking Finland is 50-year-old Harri Sailas, and the new head of Retail Banking Denmark is Peter Lybecker, 48. Both will report to Kari Jordan, Head of Retail Banking in Nordea, starting from October 1.

Harri Sailas currently heads Regional Bank Helsinki and Uusimaa in Retail Banking Finland. He has a solid background in banking, where he started his career in 1975. Since then he has held many different positions within the bank.

Peter Lybecker's current responsibilities in Retail Banking Denmark include Regional Bank East Denmark, Electronic Banking and Credits. He has a strong banking background. Peter Lybecker joined the bank in 1976 and has since occupied a variety of positions.

"Nordea's Retail Banking is strongly committed to focus, speed and performance. I believe that Harri Sailas and Peter Lybecker, as highly experienced bankers, are best qualified to achieve the Group's future goals," said Kari Jordan, Head of Retail Banking.

The appointments take effect from October 1, 2002.

For further information:


Kari Jordan, Head of Retail Banking, +358 9 165 42047
Lauri Peltola, Group Identity and Communications, +358 9 165 42324

Nordea is the leading financial services group in the Nordic and BalticSea region and operates through three business areas: Retail Banking,Corporate and Institutional Banking and Asset Management & Life. TheNordea Group has more than 10 million customers and 1,245 bank branchesin 22 countries. The Nordea Group is a world leader in Internet banking,with 3.1 million e-customers. The Nordea share is listed in Stockholm,Helsinki and Copenhagen.

www.nordea.com

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