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Markets News

Nordea Bank beats on Q3 operating profit

HELSINKI, Oct 23 (Reuters) - Nordea Bank reported on Friday a better-than-expected rise in third-quarter operating profit, as the Nordic region’s biggest lender said its income growth was driven by increased levels of customer activity.

Third-quarter operating profit rose to 1.09 billion euros ($1.29 billion) from a loss of 421 million a year ago, beating the mean forecast of 966 million profit seen by analysts according to Refinitiv data. ($1 = 0.8477 euros) (Reporting by Anne Kauranen in Helsinki and Colm Fulton in Stockholm; Editing by Muralikumar Anantharaman)

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