Nordea Bank Announces Financial Results for the Third Quarter 2009

28.10.2009

Nordea Bank Announces Financial Results for the Third Quarter 2009

OJSC Nordea Bank showed an uptrend in all the key indicators for the third quarter 2009.

The Bank’s Net Profit was RUR 3.2 billion at October 1, 2009, more than twice as high as the same indicator for the third quarter 2008. The Bank’s Equity was RUR 25.1 billion, up 80%; Total Assets – RUR 154.3 billion, up 9%.

At October 1, 2009 the Bank’s Total Loan Portfolio was RUR 139.9 billion, up 13% as compared to the same period last year. Corporate Loans account for RUR 128 billion out of the Total, while Retail Loans – for RUR 9.6 billion.

Customer Accounts were up 60%, reaching RUR 32.9 billion.

Nordea Bank Key Financial Indicators (IFRS, RUR billion)

Indicators	01.10.2008	01.10.2009
Tier 2 Capital	13,83	25,16
Total Assets	141,2	154,36
Total Lending (incl. loans to banks):	123,35	139,9
Corporate Lending	112,96	128,03
Retail Lending	10,04	9,61
Customer Accounts	20,71	32,94
Net Profit	1,33	3,24

In the third quarter 2009 the Bank reached the final stage of integration with Nordea, the major Nordic banking group, and changed its name from JSB “ORGRESBANK” (OJSC) to OJSC Nordea Bank. In the same period the Bank’s regional branches were also renamed accordingly.

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