OREANDA-NEWS. November 08, 2010. CEO Christian Clausen's comment to the report: ""Nordea had a strong quarter, with record level income and one of our highest operating profits ever. Underlying customer business continues to grow, loan losses decrease and the risk-adjusted profit is back at the levels of last year, reported the press-centre of Nordea Bank.

We have welcomed more than 150,000 new Gold and Private Banking customers so far this year. More than 100,000 come from outside the bank, and their appreciation of our services is high and increasing. Our relationships with corporate customers are strong, with a high increase in income. Assets under management continue to grow strongly with a high net inflow.

The strong results reflect a successful execution of our growth initiatives. We will proceed on our journey towards Great Nordea by continuing to increase efficiency and delivering great customer experiences".

Third quarter vs second quarter:

Total income up 9%;

Number of Gold and Private Banking customers up 47,500, a 7% annualised growth rate;

Net loan losses down 16% to 22 basis points, excluding provisions for the Danish guarantee scheme;

Operating profit up 32%, due to higher net interest income and net fair value result;

Outlook. The outlook is unchanged.