Q3 Financial Report 2019
Nordea Bank Abp – Inside information – Interim report (Q1 and Q3) CEO Frank Vang-Jensen’s comments on the results: “In the third quarter, both net interest and net commission income increased from higher business volumes. Net fair value decreased following significant interest rate movements during the summer. Total revenues are down 2% in local currencies. Our Q3 operating loss of EUR 421m includes several one-off items totalling EUR 1.3bn, comprising of an impairment charge for IT intangibles of EUR 735m, a restructuring provision of EUR 204m, an expense related to sale of Luminor