German lender Commerzbank shed EUR 2.2bn ($2.7bn) of shipping loans during 2017.
The bank said its asset and capital recovery (ACR) ship finance portfolio stood at EUR 2.6bn at the end of the year, from EUR 4.8bn previously.
Loan loss provisions stood at EUR 781m for 2017, down from EUR 900m in 2016.
It said: "The bank’s healthy risk profile is reflected in the further reduced, very low non-performing loan (NPL) ratio of 1.3%."
