German lender Commerzbank has cut back its loan-loss provisions in the third quarter as it continues to shred its shipping book.
The figure to 30 September was EUR 168m ($198m), down from EUR 275m a year ago.
For the nine months, the provision was EUR 530m, against EUR 610m in 2016.
The non-performing loan (NPL) ratio was 1.5%, which is "still low compared to its European peers, reflecting its healthy risk profile," the bank said.
