Nordea Posts Good Results

Nordea, the Nordic region’s largest financial group, has posted better-than-expected second quarter results.

Reporting a 5 percent increase in net profit, Nordea says despite weak stock markets it is confident of its cost controls for the year.

Nordic banks have performed strongly over the last two years, but a fall in equity markets during the second quarter has led some analysts to expect income to fall in areas sensitive to capital markets.