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DBS had no prior specific allowance for Swiber exposure: UBS report

37504090.2 (39150623) - 21_07_2016 - pixbanks.jpg
A UBS report on Friday suggested that DBS did not provide for its S$700 million Swiber exposure at all and that specific provisions at the bank look low.

Singapore

A UBS report on Friday suggested that DBS did not provide for its S$700 million Swiber exposure at all and that specific provisions at the bank look low.

DBS said on Thursday it expects only half of the total exposure of about S$700 million to the Swiber group of