Interim Report January - September 2007

Strong results

* Income EUR 5,744m, up 9% (EUR 5,268m in the first nine months
  2006*)
* Expenses EUR 2,993m, up 7% (EUR 2,806m)
* Gap between income and cost growth of 2.4%-points*
* Very limited impact from market turmoil
* Profit before loan losses EUR 2,751m, up 12% (EUR 2,462m*)
* Risk-adjusted profit EUR 1,798m, up 17% (EUR 1,539m*)
* Net profit EUR 2,278m, up 10% (EUR 2,078m*)
* Return on equity 19.5% (20.7%*)
* Cost/income ratio down to 52% (53%*)
* Positive net loan losses of EUR 54m (EUR 175m)
* Earnings per share EUR 0.87, up 9% (EUR 0.80*)

*) Excluding the capital gain of EUR 199m from the divestment of
International Moscow Bank (IMB) in the third quarter 2006

Strong momentum from robust growth strategy

* Total lending up 19%
* Household mortgage lending up 17%
* Corporate lending up 22%
* Consumer lending up 11% - non-collateralised consumer lending up
  17%
* Total deposits up 13%
* Volumes in savings accounts up 18%
* Number of gold customers up 8%, number of Private Banking customers
  up 16%
* Strong increase in number of credit cards"Nordea's organic growth strategy consistently delivers strong
results. Total income and the number of customers in prioritised
segments as well as business volumes continue to increase according
to our growth plans. The gap between growth in income and costs
continues to meet our expectations and there is therefore no change
in the full-year outlook.

As a consequence of the most recent revised macroeconomic outlook in
general, somewhat slower growth in business volumes is expected in
the medium term. However, Nordea's assessment is that there will be a
compensating effect from stabilising or widening lending margins",
says Christian Clausen, President and Group CEO of Nordea.

For further information:

Christian Clausen, President and     +46 8 614 7804
Group CEO
Arne Liljedahl, Group CFO/EVP        +46 8 614 7996
Johan Ekwall, Head of Investor       +46 8 614 7852 (or +46 70 607 92
Relations                                           69)


The complete report including tables can be downloaded from the
attached link. The report is also available on the Internet at
www.nordea.com.