February 6, 2019 / 6:10 AM / 18 days ago

Nordea Q4 operating profit ahead of market expectations

HELSINKI, Feb 6 (Reuters) - Nordea, the Nordic region’s biggest bank, posted on Wednesday a smaller-than-expected drop in fourth-quarter operating profit, citing cost cuts.

Operating profit at Nordea fell 13 percent from a year ago to 689 million euros, beating analysts’ average expectation of 656 million in a Reuters poll.

Nordea proposed dividend of 0.69 euros per share, compared witht analysts’ forecasts ranging from 0.69 to 0.73 euros. (Reporting by Tarmo Virki and Anne Kauranen)

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