Nordea increases dividend by 26% as bank cuts costs

Source: Bloomberg
Nordea Bank AB, the largest bank in Scandinavia, decided to increase its dividend payments by 26% for 2013, from 0.34 euro per share to 0.43 euro. Alongside, the bank is struggling with declining profit and implemented the major spending cuts program, as it already eliminated 2,500 jobs since 2011. Nordea Bank AB shares are dropping 0.6% to 89.45 kronor by 12:00 GMT in Stockholm.
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