Nordea’s exposure to Greece, Ireland, Italy, Portugal and Spain

10-05-10 8:00 | Press release

Due to the recent development within the Euro region, Nordea hereby informs about its exposure to Greece, Ireland, Italy, Portugal and Spain.

Nordea has through its liquidity buffer exposure to Greece, Ireland, Italy, Portugal and Spain. The size of the buffer is approximately EUR 50bn, of which approximately 1.5 per cent relates to these countries. Sovereign debt to Greece is less than one per cent of the buffer. The maturity of the sovereign debt is less than one year.

In addition, Nordea has a marginal exposure related to trade finance and other bank products.

For further information:

Fredrik Rystedt, Group CFO/EVP, +46 8 614 78 12

Carl-Johan Granvik, Group Chief Risk Officer, +46 8 614 78 11

Rodney Alfvén, Head of Investor Relations, +46 722 35 05 15

Jan Larsson, Head of Group Identity and Communications, +46 705 93 34 12