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Wall Street Journal: Swedbank posts loss on higher charges
Swedbank AB Tuesday posted its fourth quarterly loss in a row on continuing losses in Russia, Ukraine and the Baltics but said it could make a full-year profit in 2010.

Wall Street Journal: Swedbank posts loss on higher charges

Feb 9, 2010 at 13:06
STOCKHOLM—Swedbank AB Tuesday posted its fourth quarterly loss in a row on continuing losses in Russia, Ukraine and the Baltics but said it could make a full-year profit in 2010. The Stockholm-based lender reported a fourth-quarter net loss of 1.80 billion Swedish kronor ($242.6 million) on higher loan-loss provisions, but this was slightly better than analysts expected. A year ago it had made a net profit of 1.92 billion kronor. Read the story here.

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