Shipping lender Nordea has revealed slightly higher loan losses in the first quarter.
But the bank expects provisions to be remain low in the coming year.
The loan loss figure to 31 March was EUR 42m ($47m), up from EUR 40m a year ago.
CEO Casper von Koskull said: "Credit quality remained robust and loan losses were seven basis points in the quarter.
"We continue to expect largely unchanged credit quality in the coming quarters. Net losses will remain low and around the average level for 2018."
The gross impairment rate was 179 basis points (bps) for loans at amortised cost, down from 182 bps in the fourth quarter.
Net profit was lower at EUR 443m, from EUR 737m, as net interest income fell to EUR 1.05bn from EUR 1.11bn.
Risk exposure rose to EUR 163bn from EUR 123bn in 2018.
