The lender said provisions for marine loans should be below its previouslyannounced range of NOK1bn ($163.86m) to NOK 1.5bn for the year.

This in turn is expected to cut overall impairments to belowNOK 3bn to NOK 4bn.

Losses will fall further in 2014, it added in a statement from Capital Markets Day in London, Dow Jones reported.

DNB is aiming for a return on equity of more than 12% by2016

In the third quarter, its combined shipping, offshore andlogistics unit posted impairments of  NOK225m, down from NOK 293m a year earlier.

Overall