Nordea Q3 Operating Profit Rises; To Update Financial Targets - Quick Facts

Nordea Bank Abp (NRDEF.PK) said its third quarter operating profit increased by 17%, mainly driven by a 9% increase in total income. Net interest income and net fee and commission income were the main income drivers during the quarter, rising 7% and 19%, respectively, from last year. Given the progress, the company is now preparing updates to financial targets and business plan.

Third quarter operating profit was 1.27 billion euros, up 17% from a year ago. Earnings per share was 0.25 euros compared to 0.21 euros.

Third quarter total operating income was 2.34 billion euros, an increase of 9%. Net interest income was 1.23 billion euros, up 7%.

Assets under management increased by 21% to 393 billion euros, supported by continued high net inflows, with all channels contributing, the company said.

The company plans to publish new targets for 2022 alongside its full-year results on 3 February 2022.

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