STOCKHOLM (Reuters) – Swedish bank Swedbank on Thursday reported better-than-expected operating profit for the third quarter on the back of strong income from mortgages.
Swedbank said in a statement its quarterly operating profit rose to 8.70 billion Swedish crowns ($801 million) from a year-ago 7.03 billion, beating the 7.19 billion seen by analysts in a Refinitiv poll.
($1 = 10.8585 Swedish crowns)
(Reporting by Johan Ahlander, editing by Terje Solsvik)
