All eyes on upcoming DBS earnings report amid Swiber collapse

SINGAPORE (Aug 5): Scheduled to be released on Aug 8, the earnings report from DBS and comments from CEO Piyush Gupta on what is happening in the offshore and marine (O&M) sector will be closely watched.

Gupta told analysts and reporters in February that the bank was unlikely to see specific provisions of more than $200 million on its exposure to the O&M sector even if the price of oil tumbled to US$20 a barrel.

Gupta added that he did not expect the bank’s non-performing loans ratio to rise “much beyond 1.3%”.

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