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– This is a very tough competition on mortgages. As a result, margins were lower than last year 's mortgages, but also those of our competitors, "said Nordea CEO Snorre Storset in Norway
. The Personal Banking division in Norway had a lower result compared to last year.
Tekno Bank
One of the Bank's investments is financial technology, known as the open bank, to stand out from the competition. Nordea collaborates with 2,000 development companies on a large number of payment solutions for savings and training. The collaboration with Apple Pay is the consequence. And according to the quarterly report, private clients have invested in the bank, which has received several thousand new customers in a few weeks.
Nordea also recently reached an agreement with Gjensidige Forsikring for the purchase of Gjensidige Bank for 5.5 billion. The agreement means that Nordea can now offer customers of banks in Norway insurance with Gjensidige
The Nordea group, which operates in the Nordic and Baltic countries, has suffered less loans and has gained more in second quarter of this year The result is slightly better than what analysts had predicted in advance, reports Hegnar.no
– During this quarter we found signs of acceleration of the In some of our main markets. The financial group recorded an after-tax loss of 1,085 million euros in the second quarter, or 332 million more than in the corresponding quarter of 2017. Operating profit ended at 1,328 million euros, up more than 300 million, while net interest income fell from just over 100 million euros to 1.073 million.
Loan losses rose to 59 million euros, but that represents almost half of the loss a year ago.
(© NTB)
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