Nordea accepts Swedish krona banknotes withdrawn from circulation

05.01.2006, In all the Nordic countries, Nordea’s branch offices still accept Swedish banknote currency that was withdrawn from circulation at the turn of the year. In Finland banknotes can be exchanged in Nordea’s branch offices until the end of March.

At the end of last October, the Central Bank of Sweden (the Riksbank) announced that it would withdraw from circulation notes of 20, 100 and 500 kronor of the outdated design. The time schedule was rapid, as the notes could not be used as instruments of payment after 1 January 2006. In Sweden the banknotes can be deposited on a bank account until the end of April. After that date only the Riksbank will accept them.

In Finland the majority of the banks ceased to accept the kronor to be withdrawn at the end of November.

- Due to a number of enquiries from the customers, Nordea set out to examine how the time limit for accepting the notes could be prolonged. This was organised with the help of Nordea in Sweden, and now the krona notes that were withdrawn from circulation at the end of last year can be exchanged again in Nordea’s branch offices. These notes will be accepted until 31 March 2006 not only in Finland, but also in Norway and Denmark, says Timo Linnavuori, Head of Nordea’s Account and Cash Services in Finland.

Nordea is the leading financial services group in the Nordic and Baltic Sea region and operates through three business areas: Retail Banking, Corporate and Institutional Banking and Asset Management & Life. The Nordea Group has almost 11 million customers and 1,150 branch offices. The Nordea Group is a world leader in Internet banking, with 4.1 million e-customers. The Nordea share is listed in Stockholm, Helsinki and Copenhagen.

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Atte Palomäki

Chief Communication Officer

Nordea

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