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Nordea takes 1.3-billion euros one-offs hit as new CEO takes over

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Nordea takes 1.3-billion euros one-offs hit as new CEO takes over
Nordea bank sign is seen in Copenhagen, Denmark October 22, 2019. REUTERS/Andreas Mortensen   -   Copyright  STAFF(Reuters)
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HELSINKI (Reuters) – Nordea Bank <NDAFI.HE>, one of the Nordic region’s top lenders, announced on Thursday surprise one-offs which will have a negative impact of 1.3 billion euros ($1.45 billion) on its third-quarter result.

Shares in Nordea and most other Nordic banks have tumbled this year as they came under intense scrutiny after Danske Bank became embroiled in a big money-laundering scandal at its Estonian branch.

Nordea has also struggled with declining profitability and on Thursday it said its operating loss was 421 million euros in the quarter.

($1 = 0.8980 euros)

(Reporting by Anne Kauranen and Tarmo Virki)

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