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Nordea Reaps Reward of Strategy Upheaval After a Punishing Year

  • CEO Casper von Koskull says underlying income is now growing
  • The improvement follows four quarters of disappointing results
Bloomberg business news
Nordea CEO Casper von Koskull discusses how the bank’s new strategy is panning out.(Source: Bloomberg)
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The Nordic region’s biggest bank finally won the market’s approval for its efforts to become a leaner, more digital business, with the improvement in second-quarter results triggering a rare share-price gain.

Nordea Bank AB reported profit for the three months through June that beat analyst estimates. Costs declined from a year earlier, and management said it expects to make more money this year than it did in 2017.