Nordea’s operating profit slips as net interest income rises

Nordea’s comparable operating profit fell about 4% in the third quarter from a year earlier, to 1.5 billion euros, Yle reported. The bank described its result as good again, citing higher revenue.

Net interest income, the difference between interest a bank receives and pays, rose 1% from both a year earlier and the previous quarter.

Assets under management continued to grow, reaching a record 509 billion euros, Nordea said. Revenue was up about 2% year on year.

The bank said it expects economic growth to continue despite geopolitical uncertainty and sharp market fluctuations.