HELSINKI, April 29 Finland's Pohjola Bank
reported a stronger-than-expected quarterly profit,
helped by cost cuts and stronger premium revenues in its
non-life insurance business.
Pohjola said its first-quarter pretax profit rose 27 percent
to 131 million euros ($171 million), beating the average
forecast of 88 million euros in a Reuters poll.
The company, which is the insurance and corporate banking
arm of the Finland's largest financial group, co-operative
OP-Pohjola, repeated its forecast for full-year pretax profit to
be higher than the 374 million euros it reported in 2012.
($1 = 0.7676 euros)
(Reporting by Ritsuko Ando; Editing by Daniel Magnowski)