Nordea Pankki Suomi Oyj - Half Year financial report

Nordea Bank Finland Plc: Half-year financial report January-June 2016

The half-year financial report of Nordea Bank Finland Plc has been published.
Only information having material influence on the value of securities is
included in the press release. The full half-year financial report is available
at http://www.nordea.com/en/investor-relations/reports-and-presentations/

Nordea Bank Finland Plc is a wholly owned subsidiary of Nordea Bank AB (publ),
the listed parent company of the whole Nordea Group. This statutory half-year
report covers the operations of the legal entity Nordea Bank Finland Plc and its
subsidiaries in Finland and abroad.

The business operations of the Nordea Group have been organised in three main
business areas, with full responsibility for their value chains: Retail Banking,
Wholesale Banking and Wealth Management. The consolidated interim report of
Nordea Bank AB (publ) embraces all the activities of the Nordea Group and
provides the most complete and fair view. The Finnish Asset Management & Life
operations are included in the half-year report of the Nordea Group.

Summary of the first half of 2016

  · The operating profit of Nordea Bank Finland Group decreased to EUR 494m
  · Net interest income decreased 17% mainly due to the resolution fee for the
whole year 2016 included in January-June net interest income
  · Total operating income was down 28% to EUR 1,002m
  · Total expenses increased 4% to EUR 500m
  · Net loan losses were on a low level and amounted to EUR 8m
  · Loans to the public excluding repurchase agreements were stable year-on-year

Summary key figures     Jan-Jun  Jan-Jun  Change  Full year
                        2016     2015     %       2015
Net interest income,    435      526      -17     1,052
EURm
Total operating         1,002    1,389    -28     2,485
income, EURm
Profit   before loan    502      909      -45     1,494
losses, EURm
Net loan losses,        -8       -55      -85     -92
EURm
Operating profit,       494      854      -42     1,402
EURm
Loan   loss ratio,      2        10               9
annualised, bps
Return on equity, %     6.7      13.5             9.6
Tier   1 capital         19.1    14.5             19.3
ratio, incl Basel I
floor, %
Total   capital ratio,   20.2    15.6             20.3
incl Basel I floor, %
Number   of employees   6,722    6,615    2       6,595
(full time
equivalents)

In Helsinki 20 July 2016

Nordea Bank Finland Plc

Board of Directors

Additional information:
Juha Vuopio, Chief Financial Officer + 358 50 303 9168
Kati Tommiska, Head of Communications, Finland  + 358 50 382 1391

Attachments:

NBF Q2 2016 eng.pdf