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Nordea Bank posts rise in net interest income

Nordea Bank AB (NDA.SK) reported Thursday that its net interest income rose slightly in the third quarter of 2017 with synchronized growth in its home markets, although its profit-before-loan losses fell.

The Sweden-based financial services company generated net interest income of EUR1.19 billion for the quarter, up 1% from the year before. However, total operating income came to EUR2.37 billion, down 4%.

Profit before loan losses came to EUR1.17 billion, down 9% from the year before, but up by 5% from the preceding quarter. Net loan losses amounted to EUR79 million, reduced by 41% from the year before.