The Chief Executive Officer of the group, Christian Clausen said that the companies and markets have not picked up after the summer months, as usually happens.
According to him, deposit margins are still under pressure and lending grew slowly.
Several other key figures also sank compared to last year due to some unsuccessful launches this autumn.
In addition to the deterioration of the operating profit, net interest income decreased 9 percent.
Operating income fell by 5 percent. However, Nordea managed to cut its operating expenses by 6 percent.
Operating income totaled euro 2.25 billion, while expenses were euro 1.1 billion.
