Profits up, provisions down at Nord LB
Nord LB this week reported a 158% rise in pre-tax profits to Eu137m in the first quarter of 2011, from Eu53m a year earlier. This was driven by a big change in the outlook for loan losses, with a positive figure of Eu11m for the quarter compared to a loss provision of Eu149m in the same period in 2010.
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: email@example.com