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...

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