April 29, 2020 / 4:53 AM / a month ago

Nordea operating profit falls 16% in the first quarter

HELSINKI, April 29 (Reuters) - Nordic region’s biggest lender Nordea Bank on Wednesday reported a 16% fall in its first-quarter operating profit hit by the coronavirus pandemic.

Operating profit in the quarter fell 16% to 599 million euros ($650 million) from 716 million euros a year ago. The group’s net interest income rose 5% and net commission income was up 4% compared to the first quarter of 2019. ($1 = 0.9222 euros) (Reporting by Anne Kauranen; Editing by Amy Caren Daniel)

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