The bank explains this with a lower policy rate in the quarterly report that was presented on Thursday.
Net fee and commission income continued to grow, with an increase of 4 percent.
At the same time, costs increased by 9 percent, excluding an item of 32 million euros related to the settlement in a regulatory investigation in the United States. More than half of this increase was due to higher investments in growth, technology and risk management. risk management. The operating result ended at 1.6 billion euros.
Lending growth among personal customers is increasing in Nordea, while savings on account and in funds are significantly higher in the third quarter than a year ago.
– Housing loans increased by 2.1 per cent annualized in the third quarter, with growth especially towards the end of the period.
– We are experiencing a good influx of customers now, and see that more customers are moving more of their customer relationship to us, says executive director of Nordea, Snorre Storset.
Just before the quarterly results were presented, Nordea announced that it has been agreed that Snorre Storset will step down from the group management and from the position as head of Asset & Wealth Management after nine years in the chief’s chair.
He will be replaced by Martin Persson, who will take over the job from the new year. Storset is not quoted in the report.
– It has been a real pleasure to work with Snorre, and I wish him the best of luck in the future, says CEO Frank Vang-Jensen.
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