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Oil & gas pain to persist for banks, say analysts

Even as oil prices rebound, the severity of excess rigs supply remains
Thursday, November 3, 2016 - 05:50

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The combined oil-and-gas exposure of OCBC, DBS and UOB was S$47.3 billion as at end-September 2016, or 50 per cent of their combined core equity Tier 1 capital, said Fitch Rating.

Singapore

ANALYSTS expect more woes ahead from Singapore banks' exposure to the oil-and-gas sector, and urged caution in reports this week.

"Value play or value trap? While acknowledging low valuations we struggle for top line earnings catalysts," said Citi in a report this week.

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