	westlb luxembourg reports lower net profit westdeutsche landesbank girozentrale welg f said its wholly owned luxembourg subsidiary westlb international sa posted a decline in net profit to mln marks from mln a year earlier westlb international will pay a mln mark dividend to westlb down from mln a year earlier the dividend was lower than in because the record profit of the previous year could not be repeated due to changed market conditions it said increased funds were also allocated for provisions business in the first three months of developed positively it added westlb international set aside mln marks for international credit risks in up from mln marks in bringing the total amount of provisions shown in the balance sheet to mln marks operating profit fell to mln marks in from mln in balance sheet total fell to billion marks from billion reflecting the lower dollar and the fact that credit business redemptions were not fully offset by new lending the statement said westlb international s business with private customers showed a pleasing expansion last year this development was aided by cooperation between the bank and the savings banks in the west german state of north rhine westphalia where parent bank westlb is based deposits by non banks rose more than pct to a total of billion westlb international said it plans to expand its range of services for private clients reuter 
