Nordea profit before loan losses
Photo: Jonas Ekströmer/TT

Nordea profit before loan losses rises to EUR 1.7 billion in second quarter

The Helsinki-based major bank Nordea - one of the big four in the Swedish banking market - reports a profit before loan losses of EUR 1.7 billion for the second quarter.

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This compares with a profit of 1.6 billion euros in the corresponding quarter last year.

Net interest income, the bank's profit from the difference between deposit and lending rates, fell 1 percent to EUR 1.8 billion. Net commission income rose 11 percent to EUR 880 million.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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