Interim Results

SAMPO BANK GROUP'S INTERIM REPORT JANUARY-JUNE 2006

- Sampo Bank Group's profit before taxes for January-June rose to EUR 176 million (119)

- Net interest income increased 8 per cent to EUR 180 million (167)

- Rapid growth continued in fee and commission income

- Loans and advances to customers continued to grow and loan stock surpassed EUR 20 billion

- Credit quality remained firm

- Annualised RoE for Sampo Bank Group rose to 26.4 percent (17.9)

- Sampo Bank Group's total assets increased by 10 per cent from year end 2005 and amounted

to EUR 25.6 billion (23.2) at June 30

KEY FIGURES

EURm
	1 - 6 /2006	1 - 6 /2005	1 - 12 /2005

Total income	396	309	643
Total costs	-225	-198	-394
Impairment losses on loans and receivables	5	7	3
Operating profit before taxes	176	119	252
Cost to income ratio, %	56.7	63.9	61.2
Total assets, at end of period	25,615	21,599	23,207
Capital and reserves, at end of period	1,114	931	1,032
Return on eguity, %	26.4	17.9	18.4
Capital adequacy, %	10.9	9.9	10.6
Average staff number during the period	4,340	3,940	4,201

SAMPO BANK GROUP IN JANUARY - JUNE 2006

Investment services companies were transferred to the ownership of Sampo Bank plc on 30 December 2005. Therefore they are not included in the comparison figures for 2005.

Operating performance of Sampo Bank Group continued to improve and profit before taxes for the first six months rose to EUR 176 million (119). The improvement was largely derived from higher net interest and fee income. Annualised return on equity amounted to 26.4 per cent (17.9).

Net interest income grew to EUR 180 million (167) as good growth in lending volumes continued. Higher interest rates had positive impact on interest income and income from financial transactions. The pressure on housing loan margins has leveled off but lower margins on new loans still reduce the average lending margin.

Net fee and commission income increased clearly compared with first half of 2005 and rose to EUR 132 million (75). All fee and commission items developed favorably and good growth continued particularly in asset management and investment banking.

Total operating costs were EUR 225 million (198). In Finland costs grew roughly in-line with wage inflation. Cost-to-income ratio improved to 56.7 per cent (63.9).

Loans and advances to customers increased by 8 per cent from year-end 2005 and totalled EUR 20,003 million (18,484). Good growth in mortgages continued and mortgage stock grew year-on-year by 25 per cent in total and 21 per cent in Finland. Market growth in Finland during the same time period was 15 per cent. Sampo Bank's market share of Finnish housing loans increased to 15.8 per cent (15.0). Corporate lending grew by 13 per cent and corporate loan stock amounted to EUR 7,797 million. Consumer credits and other consumer loans grew rapidly by 17 and 36 per cent, respectively.

Geographically the Baltic countries continued to provide the fastest growth in both lending and deposits. The Baltic loan stock increased by 27 per cent from year-end 2005 to EUR 1,843 million (1,447). Despite the strong growth and investments in distribution, the Baltic operations are starting to show good profitability as RoE for Baltic banking stood at 16.0 per cent (15.7). The cost-to-income ratio of Baltic banking improved to 64.9 per cent (69.1). Sampo has already 33 banking branches in the Baltic countries and the number of customers has exceeded 200,000.

Credit quality remained firm while net impairment on loans and receivables was positive and added EUR 5 million (7) to the profit.

Sampo Bank's mutual fund assets amounted to EUR 10.0 billion. Increased market volatility during the second quarter impacted the breakdown of mutual fund assets as some investors decreased equity exposure and shifted their allocations towards less risky products. Sampo's market share of assets of mutual funds registered in Finland amounted to 19.1. Mutual fund assets include EUR 970 million of Sampo Group investments, representing 9.7 per cent of total assets.

Deposits amounted to EUR 12,286 million increasing 7 per cent from year end 2005 (11,442) and 15 per cent from June 2005 (10,722).

Part of the growth in banking operations was funded by issuing debt securities. The amount of debt securities in issue rose to EUR 8,678 million from EUR 7,621 million at year end and EUR 6,592 million at end of June 2005. Equity increased slightly to EUR 1,114 million (1,032) due to retained earnings.

CAPITAL ADEQUACY

The group's capital adequacy is calculated in accordance with the provisions of the Act on Credit Institutions, 9:72-81 and FSA's interpretation concerning own funds, number 3/125/2005.

EUR m
OWN FUNDS	30.6.2006	31.12.2005	30.6.2005
Tier 1 1)	1,281.6	1,255.1	1,040.5
Preferred capital notes	346.2	343.8	223.0
Tier 2	688.5	488.2	485.8
Unrealised gains included in the above	8.2	1.0	0.8
Deductions from own funds 2)	0.0	0.9	1.9
Items included in own funds to cover market risk	0.0	0.0	0.0
OWN FUNDS TOTAL	1,970.1	1,742.5	1,524.4
RISK-WEIGHTED ASSETS	18,070.5	16,466.2	15,438.5
Capital adequacy, % - Own funds total/Risk-weighted assets (min. 8 %)	10.9%	10.6%	9.9%
- of which tier 1/Risk-weighted assets (min. 4 %)	7.1%	7.6%	6.7%

1) Preferred capital securities amount to 27 per cent of own funds total at 30 June 2006.

2) On 31 March, 2003, the Financial Supervision granted Sampo Bank an exemption, pursuant to the Act on Credit Institutions (75,5§), permitting the non-deduction from its capital investments in companies whose main business area is investment activity. The exemption remains valid until 31 December, 2006.

At the end of June, Sampo Bank Group's capital adequacy ratio was 10.9 per cent and the Tier 1 ratio was 7.1 per cent. At the end of 2005 the capital adequacy ratio was 10.6 per cent and the Tier 1 ratio 7.6 per cent. The total capital included in capital adequacy calculations amounted to EUR 1,970 million at the end of June (1,743). The Group's risk-weighted assets at the end of June totalled EUR 18,071 million (16,466).

The biggest change in the own funds is the debenture loan of EUR 200 million issued in May 2006 and included in Tier 2 capital. The most important factor in the growth of risk-weighted assets is the growth in lending.

The equity in the balance sheet is EUR 1,113.5 million. Own funds in the capital adequacy calculation are EUR 856.6 million bigger. The equity does not include the preferred capital securities and the Tier 2 debenture loans. On the other hand, the valuation of financial derivatives hedging cash flows and belonging to fair value reserve in equity, are not included in the own funds in the capital adequacy calculation. In the capital adequacy calculation intangible assets and the planned dividend for the financial year have also been deducted from the own funds.

RATINGS

At 30 June 2006 Sampo Bank plc and its subsidiary AS Sampo Pank in Estonia had the following ratings.

Rated company	Moody's	Standard and Poor's
Sampo Bank Plc	A1/P-1	A/A-1
AS Sampo Pank (Estonia)	A2*/P1	not rated

At 3 April 2006 Moody's upgraded AS Sampo Pank's (Estonia) Financial Strength Rating (FSR) from D to D+ with stable outlook.

CHANGES IN GROUP STRUCTURE

On 27 April 2006 Sampo Bank plc signed an agreement to acquire Industry and Finance Bank (Profibank) based in St. Petersburg. The closing of the transaction is subject to receiving necessary authority approvals.

STAFF

Sampo Bank Group had 4,457 (4,222) employees at 30 June 2006 (full-time-equivalent). Of the total staff 77 per cent was located in Finland and 23 per cent in the Baltics. The number of employees increased in the rapidly growing Baltic subsidiaries.

ADMINISTRATION

In the review period the Board of Sampo Bank had the following members: Björn Wahlroos (Chairman), Patrick Lapveteläinen, Ilkka Hallavo, Mika Ihamuotila and Maarit Näkyvä. Staff representatives were Raili Ikonen and Juhani Nyyssönen (deputy).

Mika Ihamuotila acts as Managing Director of Sampo Bank plc.

Ernst & Young Oy, a firm of Authorised Public Accountants, is the auditor of Sampo Bank plc with Tomi Englund, APA as the principally responsible auditor.

DEVELOPMENTS AFTER THE REPORTING PERIOD

Sampo Bank plc sold in July 2006 its minority holding in Suomen Asiakastieto Oy, a credit information company. The sales gain of approx. EUR 16 million will be reported in the third quarter under segment Banking and investment services.

Sampo Bank plc will securitise approximately one billion euros of the exposure of corporate loans in its balance sheet. The reference portfolio consists of the loans of over 600 Finnish companies. By the transaction Sampo Bank can adjust its credit risk profile and release capital for future growth. Securitization will be implemented by a company established especially for this purpose.

OUTLOOK FOR THE WHOLE YEAR

Sampo Bank Group benefits from rising interest rates and its result is expected to be very good for 2006.

With current interest rates the Bank's earnings are foreseen to increase substantially. Further rate increases may, however, temporarily postpone the effect as the Bank's funding is of a shorter duration than its lending.

There are no signs of credit quality weakening.

Growth in fee income and a solid cost development are expected to continue.

Helsinki 10 August 2006

Sampo Bank plc

Board of Directors

SAMPO BANK GROUP
Financial highlights
		1-6/2006	1-6/2005		1-12/2005

Total income	EURm	396	309		643
Total operating expenses	EURm	-225	-198		-394
Impairment on loans and receivables	EURm	5	7		3
Profit before taxes	EURm	176	119		252
Cost to income ratio	%	56.7	63.9		61.2
Total assets	EURm	25,615	21,599		23,207
Equity	EURm	1,114	931		1,032
Return on equity ( at fair value)	%	26.4	17.9		18.4
Capital adequacy	%	10.9	9.9		10.6
Average number of staff		4,340	3,940		4,201

Return on assets (at fair value)	%	1.2	0.8		0.9
Equity/assets ratio (at fair value)	%	4.3	4.3		4.4

FORMULAS USED IN CALCULATING THE FINANCIAL HIGHLIGHTS

Cost to income ratio,%:
staff costs + other operating expenses
.................................				x 100

net interest income + net income from financial transactions + net fee and commission income +
net income from investments + other operating income

Return on equity (at fair value), %;
profit before taxes +/- change in fair value reserve - taxes
................................				x 100

equity + minority interests (average)

Return on assets (at fair value),%:
profit before taxes +/- change in fair value reserve - taxes
................................				x 100

average total assets

Equity/assets ratio (at fair value),%:
equity + minority interests
................................				x 100

total assets

CONSOLIDATED INCOME STATEMENT

EURm	Note	1-06/2006	1-06/2005	Change	1-12/2005

Net interest income	1	180.2	167.3	12.9	343.0
Net income from financial transactions	2	37.4	28.4	9.0	63.3
Net fee and commission income	3	131.5	75.3	56.2	153.9
Impairment losses on loans and receivables	4	4.7	7.0	-2.3	2.9
Net income from investments	5	31.6	23.7	8.0	47.3
Other operating income		15.8	14.6	1.1	35.7
Total operating income		401.1	316.3	84.9	646.1

Staff costs	6	-102.2	-92.6	-9.7	-180.8
Other operating expenses		-122.6	-105.2	-17.4	-212.9
Total operating expenses		-224.8	-197.7	-27.1	-393.7

Profit before taxes		176.3	118.5	57.8	252.4

Taxes		-41.5	-29.0	-12.5	-61.1
Profit for the period		134.9	89.6	45.3	191.3

Attributable to
Equity holders of parent company		124.9	84.7		184.1
Minority interests		9.9	4.8		7.2

CONSOLIDATED BALANCE SHEET

EURm	Note	06/2006	12/2005	06/2005

Assets
Cash and balances at central banks		1,658.2	1,289.7	814.5
Financial assets at fair value through p/l	7,8	2,549.3	2,409.4	2,693.5
Loans and receivables	9	20,645.7	18,912.5	17,330.0
Investments	10	81.4	79.5	77.7
Intangible assets	11	69.9	66.5	72.1
Property, plant and equipment		83.0	81.6	177.6
Other assets		510.0	349.9	412.4
Tax assets		17.3	17.7	21.0
Total assets		25,614.8	23,206.8	21,598.8


Liabilities
Financial liabilities at fair value through p/l	7,8	510.8	463.7	850.5
Amounts owed to credit institutions and customers	12	13,339.9	12,336.3	11,460.8
Debt securities in issue	13	9,705.6	8,461.3	7,311.9
Other liabilities		915.6	892.0	1,011.5
Tax liabilities		29.4	21.2	33.4
Total liabilities		24,501.2	22,174.6	20,668.1

Equity
Share capital		106.0	106.0	106.0
Reserves		279.4	272.9	274.7
Retained earnings		711.6	636.5	537.2
Equity attributable to parent company's equity holders		1,097.1	1,015.5	917.8
Minority interests		16.5	16.7	12.8
Total equity		1,113.5	1,032.2	930.6

Total equity and liabilities		25,614.8	23,206.8	21,598.8

STATEMENT OF CHANGES IN EQUITY
EURm	Share capital	Legal reserve	Fair value reserve	Retained earnings	Total	Minority interest	Total

Equity at 1 Jan. 2005	106.0	271.1	7.0	593.4	977.6	15.1	992.6

Cash flow hedges:
- recognised in equity during the period			5.4		5.4		5.4
- recognised in p/l			-8.2		-8.2		-8.2
Financial assets available-for-sale
- change in fair value			-0.8		-0.8		-0.8
- recognised in p/l
Exchange rate translation differences
Profit for the period				84.7	84.7	4.8	89.6
Total income and expenses recognised for the period			-3.5	84.7	81.2	4.8	86.1
Dividends				-141.0	-141.0	-7.1	-148.1
Equity at 30 June 2005	106.0	271.1	3.6	537.2	917.8	12.8	930.6


Equity at 1 Jan. 2006	106.0	271.1	1.8	636.5	1,015.5	16.7	1,032.2

Cash flow hedges:
- recognised in equity during the period			0.0		0.0		0.0
- recognised in p/l			-0.8		-0.8		-0.8
Financial assets available-for-sale
- change in fair value			12.1		12.1		12.1
- recognised in p/l			-4.9		-4.9		-4.9
Profit for the period				124.9	124.9	9.9	134.9
Total income and expenses recognised for the period			6.5	124.9	131.4	9.9	141.4
Dividends				-50.0	-50.0	-10.2	-60.2
Equity at 30 June 2006	106.0	271.1	8.3	711.6	1,097.1	16.5	1,113.5

CASH FLOW STATEMENT
	1-6/2006	1-6/2005	1-12/2005


Cash and cash equivalents at the beginning of the period	1,394	995	995
Cash flows from/used in operating activities	-837	-461	-1,354
Cash flows from/used in investing activities	-26	-116	20
Cash flows from/used in financing activities	1,241	623	1,733
Cash and cash equivalents at the end of the period	1,771	1,041	1,394

The cash flow statement reports cash flows during the period classified by operating, investing and financing activities. Cash flows are reported by using the indirect method. Cash flows from operating activities derive primarily from the principal revenue-producing activities. Cash flows from investments in subsidiaries and associated undertakings and those from investments in intangible assets and property, plant and equipment are presented in investing activities. Financing activities include cash flows resulting from changes in equity and borrowings in order to conduct the business. Cash and cash equivalents consist of cash and balances with central banks and and loans and advances to credit institutions repayable on demand.

SAMPO BANK GROUP QUARTERLY INCOME STATEMENT

EURm	1-6/2006	7-12/2005	1-6/2005

Net interest income	180.2	175.7	167.3
Net income from financial transactions	37.4	34.9	28.4
Net fee and commission income	131.5	78.5	75.3
Impairment losses on loans and receivables	4.7	-4.1	7.0
Net income from investments	31.6	23.6	23.7
Other operating income	15.8	21.1	14.6
Total operating income	401.1	329.8	316.3

Staff costs	-102.2	-88.2	-92.6
Other operating expenses	-122.6	-107.7	-105.2
Total operating expenses	-224.8	-195.9	-197.7

Profit before taxes	176.3	133.9	118.5

Taxes	-41.5	-32.1	-29.0
Profit for the period	134.9	101.8	89.6

Attributable to
Equity holders of parent company	124.9	99.4	84.7
Minority interests	9.9	2.4	4.8

NOTES


ACCOUNTING POLICIES

Sampo Bank Group's consolidated financial statements are prepared in accordance with the International Financial Reporting Standards (IFRS) adopted by the EU. The interim financial statements are presented in accordance with IAS 34 Interim Financial Reporting.

In preparing the interim financial statements, the same accounting policies and methods of computation are applied as in the financial statements for 2005. The financial statements for 2005 are available on Sampo's website at the address www.sampo.com/ir.

SEGMENT INFORMATION

The segment reporting of Sampo Group is based on internal business areas and on the organisation-al structure.
The segment results are reported as they are reported to the management. Segment information based on business
areas represents the Group activities also geographically, because the Baltic banking is one of the business areas.

Inter-segment pricing is based on market prices.

In the consolidated financial statements the inter-segment transactions, assets and liabilities have been eliminated.

GROUP RESULTS AND ASSETS AND LIABILITIES BY SEGMENT FOR SIX MONTHS ENDED 30 JUNE 2006
EURm	Private customers	Corpo-rate and insti-tutional custo-mers	Baltic banking	Asset Manage-ment & Funds	Other	Elimi-nations	Total

Net interest income	110.7	81.5	22.7	0.3	-37.4	2.4	180.2
Impairment on loans and receivables	2.3	-7.6	0.6		0.0		-4.7
Other operating income	46.7	76.4	12.4	27.6	76.1	-22.9	216.2
Total operating income	155.1	165.4	34.5	27.9	38.7	-20.4	401.1
Total operating expenses	102.6	62.9	23.8	10.2	28.5	-3.2	224.8
Profit before taxes	52.5	102.6	10.7	17.7	10.2	-17.2	176.3

Total assets	9,797.6	8,920.5	2,401.2	47.3	5,817.0	-1,368.8	25,614.8
Loans and receivables	9,724.1	8,835.3	2,134.9		951.0	-999.6	20,645.7
Shares and participations	5.1	2.3			8.2		15.5

Total liabilities	5,727.0	6,726.1	2,243.5	26.7	10,952.4	-1,174.5	24,501.2
Amounts owed to credit institutions and customers	5,392.8	6,259.0	2,014.7		673.2	-999.7	13,339.9

Share of results of associates	0.0	-0.1			0.5		0.3
Depreciation and amortisation	1.9	6.1	2.0	0.4	11.6	-0.4	21.6
Investments	1.9	0.3	0.9	0.1	14.3		17.5

On 30 December 2005 Sampo Bank plc acquired the investment service companies from Sampo plc;
Mandatum Securities Ltd, Mandatum & Co Ltd, 3C Asset Management Ltd, Arvo Value Asset Management Ltd,
Mandatum Asset Management Ltd, Sampo Fund Management Ltd.

GROUP RESULTS AND ASSETS AND LIABILITIES BY SEGMENT FOR SIX MONTHS ENDED 30 JUNE 2005
EURm	Private customers	Corporate and insti-tutional customers	Baltic banking	Other	Elimi-nations	Total

Net interest income	96.8	70.1	16.1	-15.7		167.4
Impairment on loans and receivables	0.2	-8.3	1.1	0.0		-7.0
Other operating income	38.2	64.5	9.8	31.2	-1.8	141.9
Total operating income	134.7	143.0	24.8	15.6	-1.8	316.3
Total operating expenses	96.5	58.7	17.9	24.8	-0.1	197.7
Profit before taxes	38.2	84.3	6.9	-9.2	-1.7	118.5

Total assets	7,968.3	8,046.4	1,476.2	4,769.2	-661.4	21,598.8
Loans and receivables	7,914.1	7,962.7	1,161.2	827.1	-535.6	17,329.6
Shares and participations	5.1	3.7		9.9		18.6

Total liabilities	5,108.7	5,639.3	1,381.6	9,101.3	-562.8	20,668.1
Amounts owed to credit institutions and customers	4,995.3	5,286.5	1,242.7	471.9	-535.6	11,460.8

Share of results of associates	0.6	-0.1		0.7		1.2
Depreciation and amortisation	2.3	4.8	1.8	10.1	0.0	19.0
Investments	1.3	0.8	0.0	8.8	0.0	10.9

GROUP RESULTS AND ASSETS AND LIABILITIES BY SEGMENT FOR YEAR ENDED 2005
EURm	Private customers	Corporate and insti-tutional customers	Baltic banking	Other	Elimi-nations	Total

Net interest income	198.4	147.2	36.0	-38.7	0.2	343.0
Impairment on loans and receivables	2.6	-6.9	1.4	-0.1		-2.9
Other operating income	82.0	131.2	18.9	70.5	-2.5	300.1
Total operating income	277.8	285.3	53.4	31.9	-2.3	646.1
Total operating expenses	196.7	121.3	39.2	37.6	-1.0	393.7
Profit before taxes	81.1	164.0	14.2	-5.7	-1.3	252.4

Total assets	8,983.3	8,504.3	1,917.5	4,878.7	-1,076.9	23,206.8
Loans and receivables	8,934.5	8,425.1	1,673.8	688.1	-808.9	18,912.5
Shares and participations	5.1	2.7		11.5		19.2

Total liabilities	5,712.5	6,078.4	1,784.4	9,504.6	-905.3	22,174.6
Amounts owed to credit institutions and customers	5,515.9	5,710.0	1,600.7	318.6	-808.9	12,336.3

Share of results of associates	0.6	1.2		1.4		3.1
Depreciation and amortisation	4.4	10.2	3.5	21.3	0.0	39.3
Investments	1.3	1.7	4.6	8.4	0.0	16.0

1 NET INTEREST INCOME

	1-6/2006	1-6/2005	1-12/2005
Interest income
Loans and receivables	401.9	315.2	665.0
Other interest income	2.8	0.2	3.7
Total	404.7	315.5	668.7

Interest expenses
Amounts owed to credit institutions and customers	-94.3	-68.4	-145.0
Debt securities in issue	-130.2	-79.7	-180.5
Other interest expenses	-0.1	0.0	-0.1
Total	-224.5	-148.2	-325.6

Net interest income	180.2	167.3	343.0

Net interest income in income statement, total
In net interest income	180.2	167.3	343.0
In net income from financial transactions	30.2	26.8	54.8
In net income from investments	0.8	0.6	0.4
Total	211.1	194.7	398.3

2 NET INCOME FROM FINANCIAL TRANSACTIONS

	1-6/2006	1-6/2005	1-12/2005
Trading assets/liabilities
Debt securities and interest rate derivatives	27.0	-1.8	29.6
Equity securities and equity derivatives	1.4	0.3	0.7
Other	0.3	0.3	0.6
Total	28.7	-1.2	30.9

Financial assets designated as at fair value through p/l
Debt securities	0.8	22.9	18.7

Foreign exchange dealing	7.9	7.2	14.2

Net income from hedge accounting
Change in fair value of hedging derivative instruments	-43.4	-16.2	-19.5
Change in fair value of hedged items	43.3	15.6	19.0
Total	-0.1	-0.6	-0.5

Net income from financial transactions, total	37.4	28.4	63.3

3 FEE AND COMMISSION INCOME AND EXPENSES
	1-6/2006	1-6/2005	1-12/2005
Fee and commission income
Lending	20.5	20.1	39.2
Borrowing	9.9	9.3	19.5
Payment transactions	28.7	27.4	56.5
Asset management	66.7	3.2	6.4
Investment banking	16.7	-	-
Guarantees	8.7	6.1	12.8
Other	18.6	20.9	44.6
Total	169.8	87.0	179.1

Fee and commission expenses	-38.3	-11.6	-25.3

Net fee and commission income	131.5	75.3	153.9

4 IMPAIRMENT ON LOANS AND RECEIVABLES

	1-6/2006	1-6/2005	1-12/2005
Loans and receivables
Impairment losses	-19.7	-9.2	-36.3
Reversal of impairment losses and recoveries	24.3	16.2	39.2

Impairment on loans and receivables, total	4.7	7.0	2.9

5 NET INCOME FROM INVESTMENTS

	1-6/2006	1-6/2005	1-12/2005
Financial assets
Investment securities held-to-maturity	0.6	0.5	1.2
Financial asset available-for-sale
Debt securities	0.1	0.1	4.2
Equity securities	24.5	20.9	38.9
Total	25.3	21.4	44.3

Other assets	6.3	2.2	3.0

Net income from investments, total	31.6	23.7	47.3

6 STAFF COSTS

	1-6/2006	1-6/2005	1-12/2005
Staff costs
Wages and salaries	-79.1	-72.7	-143.4
Pension costs	-13.5	-10.4	-20.3
Other social security costs	-9.5	-9.5	-17.1

Staff costs, total	-102.2	-92.6	-180.8

7 FINANCIAL ASSETS AND LIABILITIES AT FAIR VALUE THROUGH P/L	6/2006	6/2006	12/2005	12/2005	6/2005	6/2005
	Assets	Liabilities	Assets	Liabilities	Assets	Liabilities

Assets/liabilities held for trading	1,434.3	16.8	1,261.8	-	1,440.4	269.5
Derivative financial instruments (note 8)	488.3	494.0	506.2	463.7	557.2	581.0
Financial assets designated as at fair value through p/l	626.6	-	641.4	-	695.9	-
Financial assets and liabilities at fair value through p/l, total	2,549.3	510.8	2,409.4	463.7	2,693.5	850.5

8 DERIVATIVE FINANCIAL INSTRUMENTS

	6/2006			12/2005
		Fair value			Fair value
Derivatives held for trading	Contract/ notional amount	Assets	Liabilities	Contract/ notional amount	Assets	Liabilities
Interest rate derivatives	48,159.0	145.6	152.0	40,130.6	173.7	189.9
Foreign,exchange derivatives	7,425.7	69.2	69.3	8,483.5	97.5	115.0
Equity derivatives	22.7	4.0	4.3	7.6	2.7	2.7
Other derivatives	836.9	74.4	73.2	381.8	20.7	19.9
Total derivatives held for trading	56,444.4	293.2	298.8	49,003.6	294.7	327.5

Derivatives held for hedging
Derivatives designated as fair value hedges	4,404.5	195.1	195.1	3,983.6	210.3	136.3
Derivatives designated as cash flow hedges	13.0	0.1	-	170.0	1.1	0.0
Total derivatives held for hedging	4,417.5	195.1	195.1	4,153.6	211.5	136.3

Total derivative financial instruments	60,861.8	488.3	494.0	53,157.2	506.2	463.8

	6/2005
		Fair value
Derivatives held for trading	Contract/ notional amount	Assets	Liabilities
Interest rate derivatives	51,097.1	221.9	259.5
Foreign exchange derivatives	8,246.9	124.6	147.1
Equity derivatives	7.1	1.2	1.2
Other derivatives	219.2	14.1	13.6
Total derivatives held for trading	59,570.2	361.9	421.4

Derivatives held for hedging
Derivatives designated as fair value hedges	2,452.8	191.5	159.6
Derivatives designated as cash flow hedges	234.1	3.7	-
Total derivatives held for hedging	2,686.9	195.3	159.6

Total derivative financial instruments	62,257.1	557.2	581.0

9 LOANS AND RECEIVABLES

	6/2006	12/2005	6/2005
Loans and advances to credit institutions
By type of loan
Deposits	392.3	118.6	243.5
Reverse repos	17.0	-	270.0
Other loans	233.6	309.7	203.2
Total	642.8	428.3	716.7

Loans and advances to customers
By type of loan
Home loans	8,913.4	8,157.9	7,114.7
Consumer loans	1,188.5	1,102.6	1,014.8
Other retail loans	1,257.9	1,110.9	927.8
Finance lease assets	846.6	766.2	637.1
Money market loans	15.0	15.0	15.0
Other commercial loans	7,797.1	7,349.2	6,918.6
Allowance for impairment	-15.6	-17.7	-14.7
Total	20,002.9	18,484.2	16,613.3

Total loans and receivables	20,645.7	18,912.5	17,330.0

10 INVESTMENTS
	6/2006	12/2005	6/2005
Financial assets
Investments held-to-maturity	43.4	45.9	41.7
Financial assets available-for-sale	21.7	13.6	16.6
Total	65.1	59.5	58.3

Other assets
Investment property	0.8	0.8	0.8
Investments in associates	15.5	19.2	18.6
Total	16.3	20.0	19.4

The fair value of the investment property is EURm 1

11 INTANGIBLE ASSETS
	6/2006	12/2005	6/2005

Goodwill	5.5	5.5	5.5
Other intangible assets	64.4	61.0	66.6
Total	69.9	66.5	72.1

12 AMOUNTS OWED TO CREDIT INSTITUTIONS AND CUSTOMERS
	6/2006	12/2005	6/2005
Amounts owed to credit institutions
Deposits from credit insitutions	648.1	664.4	235.3
Other liabilities owed to credit institutions	376.2	202.2	480.0
Total	1,024.3	866.6	715.3

Amounts owed to customers
Deposits
Demand deposits	2,755.2	2,856.3	2,627.8
Savings accounts	1,278.4	1,074.7	1,030.5
Current accounts	4,763.5	3,715.9	3,363.6
Money market deposits	994.2	1,121.9	1,499.7
Other time deposits	2,494.3	2,673.1	2,200.3
Total deposits	12,285.6	11,441.8	10,721.9
Other liabilities
Other liabilities	30.0	27.9	23.6
Total amounts owed to customers	12,315.6	11,469.7	10,745.5

Total amounts owed to credit institutions and customers	13,339.9	12,336.3	11,460.8

13 DEBT SECURITIES IN ISSUE
	6/2006	12/2005	6/2005
Debt securities in issue
Certificates of deposit	3,271.5	3,383.9	3,498.8
Bonds and notes	5,406.1	4,237.5	3,092.9
Total	8,677.6	7,621.4	6,591.7

Subordinated debt securities
Capital securities	346.2	351.7	234.5
Debentures	599.1	399.2	398.9
Perpetuals	82.6	89.0	86.8
Total	1,028.0	839.9	720.2

Total debt securities in issue	9,705.6	8,461.3	7,311.9

14 CONTINGENT LIABILITIES AND COMMITMENTS
	6/2006	12/2005	6/2005
Off-balance sheet items
Guarantees	2,616.9	2,811.2	2,704.6
Undrawn loans, overdraft facilities and other commitments to lend	4,205.9	4,061.9	4,433.2
- original maturity less than one year	834.9	641.7	1,069.4
- original maturity more than one year	3,371.0	3,420.2	3,363.9
Other irrevocable commitments	1.1	4.5	0.8
Total	6,823.8	6,877.6	7,138.6

Assets pledged as collateral for liabilities or contingent liabilities
	6/2006	6/2006	12/2005	12/2005	6/2005	6/2005
Assets pledged as collateral	Assets pledged	Liabilities/ commit- ments	Assets pledged	Liabilities/ commit- ments	Assets pledged	Liabilities/ commit- ments
Financial assets at fair value through p/l
- Trading securities	1,591.5	1,009.2	1,593.2	1,038.4	1,495.9	999.5
Loans and receivables
- Security deposits	1,178.5	1,734.1	1,180.2	1,750.7	101.8	786.8
Total	2,770.0	2,743.4	2,773.4	2,789.1	1,597.7	1,786.4

Non-cancellable operating leases	6/2006	12/2005	6/2005
Minimum lease payments under non-cancellable operating leases
not later than one year	21.0	21.2	20.1
later than one year and not later than five years	49.9	53.5	51.9
later than five years	39.8	43.1	46.8
Total	110.6	117.8	118.8