Singapore banks in spotlight over upcoming Q1 provisions, dividends
DBS, OCBC, UOB likely to see higher provisions given their O&G exposure; earnings widely expected to come down, dividends may be cut: analysts
Singapore
THE scale of bad loan provisions and how the dour economic environment will impact dividends will be closely watched by analysts in the upcoming results of Singapore's banks - the first quarter that will reflect the early impact of a global pandemic.
As it is, the Big Three - DBS, OCBC and UOB - are likely to see higher provisions on the back of their oil and gas (O&G) exposure and as businesses take a harder hit with the deepening recession, said analysts.
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