Total provisions were EUR 387m ($481m) to 30 September, down from EUR 457m in the same period of the previous year. 

The core bank for its continuing business posted pre-tax profit of EUR 138m, down from EUR 146m in the prior year.

But it said this figure would have been EUR 323m if not for "the negative result of the restructuring area of shipping in the core bank", implying a loss from shipping of EUR 285m.

The