Nordea and city of Vilnius sign agreements on two loans

8/15/2002 10:00 AM EST

Nordea Bank and the local authorities in Vilnius, Lithuania have signed
agreements on two loans totalling approximately EUR 12.7 million. Nordea
won the final tender arranged by the borrower.

The first loan amount is EUR 6.87 million and the second EUR 5.79
million. The tenor of each loan is seven years. The loans will be used
to finance infrastructural development in Vilnius.

- Cooperation with the city of Vilnius strengthens our position as an
important financial institution in the Lithuanian market, says Petri
Loikkanen, head of Nordea Lithuania.

For further information:
Petri Loikkanen, Nordea Lithuania, +370 2 361 301, +370 687 888 63
Seija Turpeinen, Media Relations Finland, +358 9 165 42652