FRANKFURT, April 29 Reuters Deutsche Bank shares were 5.5 lower in early trade on Monday after news that Germany39;s largest lender could be on the hook for up to 1.3 billion euros 1.39 billion in a yearslong lawsuit claiming it underpaid in its purchase of Postbank.

Deutsche Bank unexpectedly announced late on Friday that it would make a provision to offset possible claims in litigation in the suit.

Deutsche Bank, which said it continues to disagree strongly with any view that it underpaid, did not specify the amount it set aside but noted that claims totalled about 1.3 billion euros.

Deutsche had been enjoying the glow of betterthanexpected earnings last week and a steep rise in its share price.

It said that the provision would impact its secondquarter and fullyear profitability.

1 0.9325 euros

Reporting by Tom Sims, Editing by Friederike Heine

Source Reuters