The German lender set aside EUR 846m ($1.17bn) to coverlosses in the 12 month period to the end of December against EUR 598m for theprevious year.
An EUR 84m tax rebate helped triple net profit to EUR245m from EUR 82m in 2012 while earnings before tax and reorganisation costsdoubled to EUR 268m from EUR 131m.
The improvement was thanks to other business areas with arecovery in its important shipping portfolio not likely until next year, chairmanPeter Dunkel said.
Nord/LB
