Impairment charges have jumped at Dutch lender ABN Amro in the third quarter due to continuing shipping woes.
Provisions for financial instruments hit EUR 106m ($121.37m) to 30 September, from EUR 5m in the same period of 2017, although lower than in the first two quarters of 2018.
The figure mainly reflects a "few specific files" relating to the shipping industry in its commercial banking unit, as well as offshore energy markets.
Provisions in commercial banking were EUR 64m.
The cost of risk amounted to 15 basis points.
Net profit grew to EUR 725m versus EUR 673m, however.
CEO Kees van Dijkhuizen said it was a good third quarter.
"Net interest income was up 4% year-on-year on the back of a strong Dutch economy," he added.
"Costs continued to benefit from cost-saving programmes and impairments were lower than in the first two quarters. We were pleased to see that we did well in the 2018 stress test for European banks."
