TORONTO -- National Bank of Canada posted an increase in its third-quarter results because of a rise in loans to individuals and independent businesses but also announced a 17 percent increase in loan loss provisions.

The bank said loan-loss provisions for the quarter ended July 31 rose to $87.5 million Canadian, from $75million a year earlier. It said the bank decided to increase its general provision for private risk loans by $25 million, bringing the total to $60 million.

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