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Nordea lifts dividend amid profit rise

2015-01-28 09:27:34| Appliances - Topix.net

Nordea Bank AB , the Nordic region's biggest bank, Wednesday reported a 13% rise in fourth-quarter net profit, driven by higher fee and commission income and lower operating expenses, and said it aimed to increase its pay-out ratio in 2015 while cutting costs further. Net profit at the Stockholm-based bank rose to EUR877 million in the three months to Dec. 31, up from EUR773 million in the year-earlier period and against expectations for EUR872.2 million according to analyst estimates complied by SIX.

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