The speed at which Finland's Evli recovered from the tumultuous events in spring was surprisingly strong over the third quarter, and actually stronger than expected, says CEO of Evli Bank Maunu Lehtimäki.
"We estimate that the operating profit for 2020 will be clearly positive. This view is supported by a high ratio of recurring revenue to operating costs, as well as sales of alternative investment products, which have brought new, stable revenue," Lehtimäki says.
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