Dow Jones Newswires: Nordea profit beats forecasts, launches $1.51 billion buyback

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Nordea Bank Abp on Monday posted a forecast-beating second-quarter net profit as growing lending volumes drove net interest income higher, and said it has decided to launch a new share buyback programme of up to 1.5 billion euro ($1.51 billion).

The Helsinki-based bank posted a net profit attributable to shareholders of EUR1.06 billion, compared with EUR1.03 billion in the same period a year earlier. A poll of analysts by FactSet had forecast net profit of EUR928 million.

Net…

This article was originally published by Marketwatch.com. Read the original article here.

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