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O&G impairment charges will curb S'pore bank profits

Profitability also under pressure from weakening domestic economy and slump in Sibor to one-year low
Wednesday, October 26, 2016 - 05:50

BT_20161026_KVSGBANK_2565403.jpg
Analysts estimate DBS (above) and OCBC will probably report a second consecutive quarterly profit decline, while UOB may post a 10 per cent drop.

BT_20161026_KVSGBANK_2565403.jpg
Analysts estimate DBS and OCBC (above) will probably report a second consecutive quarterly profit decline, while UOB may post a 10 per cent drop.

BT_20161026_KVSGBANK_2565403.jpg
Analysts estimate DBS and OCBC will probably report a second consecutive quarterly profit decline, while UOB (above) may post a 10 per cent drop.

Singapore

SINGAPORE'S three largest banks are poised to report higher impairment charges for loans to the struggling oil-and-gas (O&G) industry and weaker interest margins when they post third-quarter earnings in the next few days.

DBS Group Holdings Ltd is expected to lead the

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