First Quarter Results 2013
Nordea delivers on its planCEO Christian Clausen’s comments on the results:“Nordea has delivered in line with the financial plan that was presented at the Capital Markets Day on 6 March. I am very pleased that we delivered flat costs for the 10th consecutive quarter. Our focus on capital efficiency led to a further increase in our Core tier 1 ratio to 13.2% despite negative impact from revised IAS 19 rules. Our income-related initiatives had a positive effect and we managed to mitigate the negative effects of low interest rates and low activity level in the corporate sector. We are