Nordea builds loan-loss provisions following ECB scrutiny

Net loan losses jump to €331 million in Q3

Finland-based lender Nordea took €229 million ($254 million) out of third-quarter earnings to buttress its loan-loss provisions following a health check by the European Central Bank. 

The firm posted net loan losses of €331 million for Q3, up from €61 million in Q2 and €44 million the year-ago quarter. The bulk of this reflected an increase to loan-loss provisions after discussions with the ECB on the outcome of its asset quality review (AQR).

  !function(e,i,n,s){var t="InfogramEmbeds",d=e

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here