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Nordea expects 'eventful' 2017 as Q4'16 net profit rises YOY

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Nordea expects 'eventful' 2017 as Q4'16 net profit rises YOY

Nordea Bank AB (publ) saw its fourth-quarter 2016 net profit increase to €1.10 billion from €848 million in the same period in 2015, with CEO Casper von Koskull saying that despite a challenging revenue situation in 2016, the bank was able to improve its net interest margin.

"We also expect 2017 to be eventful, and we are well-prepared to deal with the challenges," Von Koskull added.

For full year 2016, the bank reported a net profit of €3.77 billion, up from the year-ago €3.66 billion.