Nordea, Handelsbanken Fees Grow as Lending Income Falls

Nordic lenders Nordea Bank Abp and Svenska Handelsbanken AB reported profit from lending in the first quarter that declined largely in line with estimates, counterbalanced by profit generated from fees.

Nordea said net interest income fell 4% from a year earlier to €1.76 billion ($2.1 billion) in the first three months of the year, according to a report published Wednesday. At Handelsbanken, the metric dropped 13% from the prior year to 10.02 billion kronor ($1.1 billion).