Awards for excellence – Nordic & Baltic region

BEST BANK
Nordea

BEST DEBT HOUSE
Deutsche Bank

BEST EQUITY HOUSE
ABN Amro / ABN Amro Rothschild

BEST M&A HOUSE
Citigroup

BEST AT CASH MANAGEMENT
SEB

BEST AT RISK MANAGEMENT
Deutsche Bank

BEST AT INVESTOR SERVICES
SEB

BEST SMALLER BANK, BALTICS
Suprema Securities

The impressive performance of Nordea during 2004 is primarily attributable to its focus on cost control. During the year, total income increased by just 1% – although there was an 8% pick-up in the fourth quarter – but profit increased by 28% and earnings per share hit an all-time high of €0.69