Nordea provides 95 million euro for possible fine for alleged money laundering

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April 30 2019

Nordea Bank, the Nordic region’s biggest lender, booked on Tuesday a 95 million euro provision for a possible fine for alleged money-laundering, while posting a bigger-than-expected drop in its first-quarter operating profit.

January-March operating profit fell 36 percent from a year earlier to 621 million euros (£537.34 million), missing analysts’ average expectation of 730 million in a Reuters poll of 19 analysts.