DBS CEO says Swiber charge a "one-off"

Singapore lender moves to reassure investors ahead of its second-quarter results on Monday after saying it could write down half its exposure to the oil and gas group.

DBS CEO says Swiber charge a "one-off"

DBS Group, Southeast Asia's largest bank by assets, has sought to reassure investors and staff on the bank’s asset quality. There has been “no drastic spike in soured loans” despite a slowing economy in the region, DBS chief executive officer Piyush Gupta said in a media briefing Wednesday.

Concerns over the health of the Singapore's biggest lender have increased over the past week after the bank announced it might write down half of...

To continue reading, please login or register for free

Click for more on: dbs | piyush gupta | swiber

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...