STOCKHOLM, Oct 23 (Reuters) - Swedish bank Swedbank reported worse-than-expected third quarter profit on Wednesday, as the result was weighed down by efforts to handle the fall-out of a money-laundering scandal.
Net profit fell to 4.66 billion Swedish crowns ($482 million) compared to 5.53 billion for third quarter of last year, falling short of the mean forecast 4.81 billion in a Refinitiv poll of analysts.
The lender has lost around 40% of its market value and is under investigation in the United States, Baltics and Sweden after becoming embroiled in a money-laundering scandal in Estonia last year. ($1 = 9.6659 Swedish crowns) (Reporting by Johan Ahlander; editing Niklas Pollard)
