Nordea sees shipping and offshore earnings dip

Nordea's earnings from shipping, offshore and oil services went down in the fourth quarter 2015 compared to the third quarter. Customer activity was moderate due to, among other factors, the low price, according to the annual report.

BY KATRINE GRØNVALD RAUN AND RITZAU FINANS

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.

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