ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business

Singapore's DBS 'cleans' its oil and gas loan book

Slump hits city-state's largest bank with third-quarter profit hit

ATMs for United Overseas Bank, DBS, and Oversea-Chinese Banking Corp. banks in Singapore   © Reuters

SINGAPORE DBS Group Holdings has "cleaned" its oil and gas loan book and expects no more provisions, Chief Executive Piyush Gupta said on Nov. 6, noting that the bank reported a 25% decline in July-September net profit from a year ago.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more