Nov

DBS Profit Sinks as Bank Tries to Put Bad Energy Loans Behind It

Bad loan provisions rise more than sixfold to S$1.66 billion
Will allow investors to focus on operating performance: CEO

DBS Group Holdings Ltd. reported a surprise drop in third-quarter profit as Southeast Asia’s largest bank boosted bad-loan allowances more than sixfold in an effort to deal with its problem lending to the regional oil and gas services sector…

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DBS Profit Sinks as Bank Tries to Put Bad Energy Loans Behind It

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