Nordic lender Nordea has seen overall first quarter loan losses edge up, but provisions rose sharply in shipping and offshore.
The total loan-loss figure was EUR 113m ($123m) to 31 March, from EUR 111m in 2016.
This equated to 14 basis points (bps), or 0.14%, more than 75% of which came from the oil and offshore portfolio.
The figure for shipping, offshore and oil services in isolation was 200 bps, up from 50 bps a year ago.
