Nordea will raise its Prime Rate by 0.25 percentage points to 3.75 per cent. The rise will enter into force on 1 February 2007. Nordea Prime Rate is primarily used as a reference rate for housing loans. The decision is based on the development of the market rates. The rates have risen as a result of faster economic growth and increased inflation pressure in the euro area. For further information: Jussi Mekkonen, Household, Finland, +358 9 165 88128, +358 50 368 7029 Leena Mörttinen, Chief Economist, Finland, +358 9 165 59940, +358 50 521 7269