October 23, 2018 / 5:14 AM / 22 days ago

Swedbank Q3 net profit rise beats forecast

STOCKHOLM, Oct 23 (Reuters) - Swedish bank Swedbank reported a higher than expected net profit for the third quarter on Tuesday as lending volumes grew and a favourable stock market benefited its asset management business.

Net profit rose to 5.53 billion Swedish crowns ($613 mln), above a mean forecast for 5.01 billion in a Reuters poll of analysts and compared with 4.74 billion in the year-ago period. ($1 = 9.0181 Swedish crowns) (Reporting by Johan Ahlander; editing Niklas Pollard)

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