Nordea, the Nordic region's biggest bank, and rival Swedbank are bracing for tougher conditions as Europe's debt problems creep into their safe-haven home markets, hurting business an d squeezing margins.
Both banking groups reported on Wednesday second-quarter operating profits just above analyst forecasts, with core net interest income beating expectations and capital buffers swelling even further.
Nordic banks have consistently outperformed their peers in other parts of Europe as a result of a healthy economic backdrop at home and strong balance sheets which have guaranteed them non-stop access to international money markets.
Read more: UPDATE 2-Nordic banks see Europe's economic woes creeping closer | Reuters
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