Nordea profit de­clines 17% due to low rates

China Daily (Canada) - - BUSINESS -

Nordea said its profit dropped 17 per­cent in the third quar­ter as record­low in­ter­est rates ate into rev­enue at Scan­di­navia’s big­gest bank. Nordea re­ported net in­come of 780 mil­lion eu­ros ($886 mil­lion) last quar­ter, com­pared with 938 mil­lion eu­ros a year ear­lier. That missed the 864 mil­lion-euro es­ti­mate in an an­a­lyst sur­vey com­piled by Bloomberg.

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