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STOCKS NEWS EUROPE-Swedbank seen up 3-4 pct on strong Q3

(Repeats to additional subscribers)

Shares in Swedbank (Other OTC: SWDBF - news) are expected to rise 3 to 4 percent after Sweden's second largest bank by value reports operating profit ahead of expectations, boosted by stronger than expected income from lending, traders say.

"In all areas I think the result was very strong so I believe there should be a positive reaction this morning," says Kimmo Rama, analyst at Evli Bank.

"Net interest income, especially, was very strong and ahead expectations, driven by good market share, volumes and margin improvements."

A recovery of money put aside to cover bad loans and good cost control also help the positive tone of the results, Rama says.

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Operating profit for the third quarter was up 6 percent year-on-year to 5.2 billion Swedish crowns ($812.23 million, above a mean forecast for 4.9 billion seen in a Reuters poll of analysts.

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Reuters Messaging rm://simon.c.johnson.reuters.com@reuters.net