Heat rising on local banks from O&M exposure
DBS, OCBC, UOB seen to be among the principal lenders to Ezion, Pacific Radiance, which are cashflow negative
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Singapore
SINGAPORE'S three banks - DBS Bank, OCBC Bank and United Overseas Bank, are probably feeling more heat from their offshore and marine (O&M) lending exposure.
They are understood to rank among principal bankers to Ezion Holdings and Pacific Radiance, two listed companies that are undergoing debt refinancing or restructuring.
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