The Helsinki-based major bank Nordea reports an operating profit before credit losses of 1,685 million euros for the third quarter of the year. This can be compared to 1,758 million euros during the corresponding quarter a year earlier.
The net interest income, what the bank earns on the difference between deposit and lending rates, fell 1 percent to 1,882 million euros.
The result was slightly better than expected.
Analysts had expected a profit before credit losses of 1,594 million euros and a net interest income of 1,877 million euros, according to a compilation of forecasts made by Bloomberg.
A few minutes before the interim report, Nordea announced that the bank is launching a new program for repurchasing shares, a form of dividend, for 250 million euros (approximately 2.86 billion kronor). The announcement comes after clearance from the European Central Bank (ECB).
