German lender HSH Nordbank has revealed a substantial rise in shipping loan provisions to EUR 959m ($1.08bn) in the first nine months of 2015.
It blamed "persistently very difficult conditions" in the sector.
A total of 98% of the loan-loss figure relates to legacy items held in the non-core bank.
HSH has already offloaded EUR 5bn of non-performing loans to its state shareholders Hamburg and Schleswig-Holstein.
Another
