Swedbank reports respectable third-quarter results

Oct 29, 2008
By Matt Withers

TALLINN - Swedbank Baltic Banking has declared 107 million euros in net profit in the third quarter, a strong result that flies in the face of claims that the bank is flailing under economic pressure. Despite the figure translating to a 15 percent decrease in net profits compared to the same period last year, Swedbank Baltic’s results reveal the bank is weathering the global financial crisis and is producing respectable results in the face of adversity. It will undoubtedly come as a timely disp ...

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