Major shipping bank Nordea finished the fourth quarter 2015 with a somewhat lower profit than projected, according to the bank's annual report, published Wednesday. Zooming in on the bank's shipping, offshore and services business division, earnings here noted a slight decline in the fourth quarter, from EUR 114 million in the third quarter to EUR 94 million in the final quarter 2015.
Net interest earnings were stable, writes Nordea, while income from fees and commissions were lower compared to "a strong third quarter," notes the bank.
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