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Is DBS really past the worst of its O&G loan woes?

Jude Chan
Jude Chan2/17/2017 01:33 PM GMT+08  • 3 min read
Is DBS really past the worst of its O&G loan woes?
SINGAPORE (Feb 17): DBS Group chief executive officer Piyush Gupta believes the bank has seen the worst of its woes from loans to troubled companies in the oil and gas support services sector.
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SINGAPORE (Feb 17): DBS Group chief executive officer Piyush Gupta believes the bank has seen the worst of its woes from loans to troubled companies in the oil and gas support services sector.

Analysts, though, are less convinced.

Speaking to reporters after DBS’s 4Q earnings release on Thursday, Gupta said the formation of new nonperforming assets and bad-loan charges for the industry are expected to be “significantly lower this year”.

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