Profit sharing scheme

The Profit Sharing scheme is capped and not based on the value of the Nordea share. It is a benefit, by which the employees get a part of the profit to encourage good performance and one Nordea team, which in turn will lead to better profitability and make it more attractive to work within the Nordea Group.

In 2011, a total of EUR 43m was provided for under Nordea’s Profit Sharing scheme for all employees. For 2011, each employee can receive a maximum of EUR 3,200, of which EUR 2,000 is based on a pre-determined level of risk-adjusted profit, an additional EUR 600 based on the level of customer satisfaction, and an additional EUR 600 based on Nordea’s relative performance compared to a Nordic peer group as measured by Total Shareholder Return. If all performance criteria were met, the cost of the scheme would have amounted to a maximum of approx. EUR 100m.