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DBS' O&G portfolio makes up largest chunk of loans to industries hit by Covid-19 South-east Asia's largest bank guided t…
DBS' O&G portfolio makes up largest chunk of loans to industries hit by Covid-19
South-east Asia's largest bank guided that its oil-and-gas lending portfolio at S$23 billion makes up its single-largest loan exposure to impacted industries made vulnerable by the Covid-19 pandemic.
This comes as the bank reported a 23 per cent fall in Q1 net profit that brought its earnings to its lowest level since 2017.
