The bank said net earnings to 31 March wereEUR 200m ($278m), against a loss of EUR 98m in the same period of 2013.
Overall loan-loss provisions were EUR 238m,down from EUR 267m in 2013.
The lender is looking to exit shipping andannounced a 29% cut in its non-core assets (NCA) portfolio to EUR 102bn.
The NCA loan-loss provision figure was EUR134m, compared to EUR 175m.
It
