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Banks say outlook improving

May 05, 2010
From wire reports

Earnings boOst: Swedish banks report improving results as the region climbs out of recession.
RIGA - Newly released first quarter earnings numbers for the greater Nordic region banks are proving a mixed bag for an industry that has been battered in this global recession. Though there are signs of improvement locally, difficulties remain. First quarter losses of the Latvian subsidiary of Nordea bank reached 8.5 million lats (12.1 million euros) after tax payments, while net interest income fell to 7.9 million lats, a decrease of 8.1 percent year-on-year, according to the bank&rsquo ...

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