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Nordea Q3 opg up on firm revenue growth; beats market expectations


Published : Thu, 25 Oct 2007 07:11
By : Agencies
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STOCKHOLM (Thomson Financial) - Nordea AB posted a third-quarter operating profit of 932 mln eur, up 8 pct from a year earlier, boosted by firm revenue growth which outpaced growth in costs.

Market expectations were for an operating profit of 864 mln eur, according to a survey by SME Direkt.

Total revenues rose 10 pct to 1.914 bln eur, beating market expectations of 1.875 bln eur, with net interest income rising 12 pct to 1.092 bln eur, versus market expectations of 1.071 bln skr, as total lending to the public rose 19 pct to 239 bln eur, and volume growth remained 'solid' in all segments.

hans.chumakonde@thomson.com

hc/sal

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Copyright Thomson Financial News Limited 2007. All rights reserved.

The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

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