Finland’s Nordea Posts Profit Above Expectations

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Growth in earned loan interests aided Finland’s Nordea to a rise in second-quarter; operating earnings despite customer activity slowing down due to economic uncertainty.

The bank’s April-June operating profit rose 2% from a year earlier to 1.36 billion euros ($1.37 billion); beating the 1.25 billion euro mean estimate of 7 analysts poll.

“We can expect continued volatility and uncertainty in the coming quarters,” Chief Executive Frank Vang-Jensen said in a statement.

Nordea’s net fee and commission income fell 5% to 838 million euros, below mean analyst expectations of 845 million.


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