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12

Singapore’s Big Banks’ Bad-Loan Woes May Be Getting Worse

By Tony Seruga

DBS, rivals to report fourth-quarter results this week
Lenders may set aside more provisions for energy loans: RHB

The woes of Singaporean energy-services provider Ezra Holdings Ltd. are a stark reminder to the city’s biggest banks of the threat souring oil and gas loans pose to their earnings.

A writedown flagged by Ezra recently has refocused attention on the debt-repayment problems marine-services firms are facing, fueling concerns that lenders may have to set aside more money to cover loan losses. Fourth-quarter results due this week from DBS Group Holdings Ltd. and its two biggest rivals may include a 44 percent surge in combined provisions for the period from a year earlier, according to RHB Capital Bhd…

Singapore’s Big Banks’ Bad-Loan Woes May Be Getting Worse

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