Nordea Q2 adjusted operating profit falls 66%

Credit: REUTERS/LEHTIKUVA

July 17 (Reuters) - The Nordic region's biggest lender Nordea Bank NDAFI.HE on Friday reported a 66% fall in its second-quarter operating profit, hit by an increase in a buffer for loan losses due to the coronavirus pandemic.

Operating profit in the quarter fell to 306 million euros ($348 million) from 900 million euros a year ago, missing an average analyst forecast of 885 million euros in a Refinitiv poll.

($1 = 0.8783 euros)

(Reporting by Tarmo Virki in Tallinn; Editing by Tom Hogue)

((tarmo.virki@thomsonreuters.com; +3725644562;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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