Dutch lender ABN Amro has partly blamed the offshore shipping sector for higher impairment charges in 2018.
The bank said provisions totalled €655m ($741m) last year, against a reversal of €63m in 2017.
"Despite the continued favourable overall credit quality trend and the positive macro-economic environment, impairment charges were elevated in 2018 due to charges recorded in specific sectors," it added.
These were primarily offshore, including offshore services in the natural resources division, and offshore service vessels in the global transportation and logistics department.
Impairment releases in 2017 mainly resulted from model refinements on small and medium-sized business lending and mortgages.
The cost of risk amounted to 24 basis points (bps) in 2018, below the through-the-cycle level of 25bps to 30bps.
Fourth-quarter net interest income declined to €1.64bn from €1.69bn, while net earnings dropped to €316m versus €542m in 2017.
The fourth-quarter impairment charge was up at €208m from a reversal of €34m the year before.
Additional provisions were made for existing impaired corporate loans, primarily in the offshore energy and diamond sectors.
The cost of risk in the final three months was 27bps.
