SINGAPORE (Aug 29): Credit Suisse says United Overseas Bank (UOB) is favourite among the Singapore banks to survive another wave of bad loans from the offshore and marine (O&M) sector.
Top officials at all three banks – UOB, DBS Group Holdings, and Oversea-Chinese Banking Corp (OCBC) – had spent considerable time during their recent results briefings to quantify the potential O&M-related risks ahead.
And the prospect of higher provisions for non-performing loans (NPLs) from the O&M sector is looming large.
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