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Nordea (CPH:NDA) Following the development in the Icelandic banking sector, Nordea comments on its exposure to Icelandic financial institutions as follows:
Nordea has a net exposure to Icelandic financial institutions in Iceland of approximately EUR 15 million, mainly trading lines and foreign exchange and payment related overdraft facilities.
In addition, Nordea has exposure to wholly-owned subsidiaries of Icelandic financial institutions, which are located in other Nordic countries, mainly in Denmark and Norway. These institutions are supervised by the local financial supervisory authorities.
For further information: Carl-Johan Granvik, Group Chief Risk Officer, +46 8 614 7811 Johan Ekwall, Head of Investor Relations, +46 8 614 7852
