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DBS misses profit target as O&G inflicts fresh deep wounds

Q3 gain dives 25% to S$802m as group almost doubles specific provisions; income reaches quarterly high of S$3b

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CEO Piyush Gupta: "I can say with high confidence that we've cleaned the book. We're highly unlikely to take more in the book."

Singapore

STRONG business momentum helped push DBS Group Holdings' Q3 income to a quarterly high of over S$3 billion, but it did not quite take the sting from the bank's near doubling of bad loan charges for its oil and gas support services exposures.

Business momentum has been

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