Moody's Investors Service, the credit rating agency, has put HVB Group, Germany's second largest bank formerly known as HypoVereinsbank, on review for downgrade a day after it reported weak earnings and huge loan loss provisions.

HVB, whose share price fell more than 11% on Wednesday, posted a third quarter loss of almost €450m ($439m) compared with a €90m profit a year ago and increased its full-year forecast for loan loss provisions to €3.3bn, much higher than even the most pessimistic analysts' estimates.