HVB Group, Germany's second largest bank formerly known as HypoVereinsbank, has reported weak third quarter earnings and larger-than-expected loan loss provisions.

HVB Group, which reported a third quarter loss of almost €450m ($439m) compared with a €90m profit a year ago, increased its full-year forecast for loan loss provisions to €3.3bn, higher than even the most pessimistic analysts' estimates. HVB had previously forecast provisions of €2.5bn; many analysts had expected €3bn.