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nordea plans new buyback program after reporting steady fourth quarter earnings
Nordea Bank reported a net profit of 1.13 billion euros for the fourth quarter, slightly up from the previous year, despite a 4.7% decline in net interest income. The bank is in discussions for a new share buyback program after completing its current one by February 28, aiming for a return on equity above 15% by 2025. A full-year dividend of 0.94 euros has been proposed, reflecting a modest increase from 2023.
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