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Qingdao scandal: S'pore banks say they review their loans regularly

OCBC has no exposure, DBS 'not terribly concerned', UOB believes in its risk management

Published Fri, Jun 13, 2014 · 10:00 PM

Singapore

SINGAPORE'S three local banks said yesterday that they regularly review their loans amid a widening scandal involving false receipts at China's Qingdao port.

"While we are in commodities finance, we have been prudent in our review of customers and in managing risks," said a DBS spokeswoman.

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Companies & Markets

Companies & Markets

Qingdao scandal: S'pore banks say they review their loans regularly

Companies & Markets

Porsche posts Q1 profit drop on ramp-up costs

IBM plots US$730 million expansion of Canadian semiconductor site

Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early

Yeo Guat Kwang, John Chen retiring from corporate boards

US: Wall St opens higher

Air China orders homegrown C919s in challenge to jet duopoly

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