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Nordea’s Norway unit expects lending growth to accelerate

Nordea’s Norway unit expects lending growth to accelerate

OSLO: The Norwegian unit of Nordic bank Nordea expects a positive development in the coming quarters as the economy gathers pace, housing prices no longer fall and the loan loss situation improves, Oslo-based Chief Executive Snorre Storset told Reuters on Wednesday.

Nordea reported Q1 results above market expectations on Wednesday, but said lower income meant that reaching the 2018 revenue guidance had become more challenging.