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Singapore's DBS says no more provisions for oil and gas - Nikkei Asian Review
Nikkei Asian Review | Singapore's DBS says no more provisions for oil and gas Nikkei Asian Review SINGAPORE -- Singapore's largest lender by asset DBS Group Holdings' Chief Executive Piyush Gupta said on Monday that the bank has "cleaned" its oil and gas loan book and expects no more provisions, after it reported a 25% decline in July-September ... DBS says likely all oil-and-gas provisions taken in Q3; allowances nearly doubled DBS quarter profit slide 23% to 5-year low as oil and gas provisions soar |
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