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
Add BT as a preferred source
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.
TRENDING NOW
Rise and fall of Situational Awareness: How Leopold Aschenbrenner’s AI fund stumbled
From Yaohan and Galeries to Metro: The rise and fall of department stores in Singapore
More office buildings lined up for sale ahead of impending Marina One deal
UOB CEO’s youngest child Grant Wee turns burnout into a wellness business
