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Nordea Bank Q2 Profit Falls; To Review Financial Targets - Quick Facts

Nordea Bank Abp (NRDEF.PK) said the operating environment for Nordea remains stable with continued lending growth, pressurised margins and challenging conditions for the market making activities. Nordea said it will review its financial targets, including the capital and dividend policy with an expectation to present these after the release of the third quarter 2019 results.

For the second-quarter, net profit was 681 million euros compared to 1.1 billion euros, previous year. Earnings per share was 0.17 euros compared to 0.28 euros.

Second-quarter net interest income was 1.07 billion euros, down 4%; or down 1% in local currencies. Excluding items, total operating income was 2.14 billion euros, down 4%; or down 3% in local currencies.

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