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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.

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