Rising oil prices can benefit DBS far more than peers, given its loan exposure to oil & gas service sector. The bank can see improvements in both on-balance sheet and off-balance sheet exposures.
Boomeranged on Tue, 19 Sep 2023 01:52
Far higher oil prices in recent days, weeks, makes the outlook for the bank's oil and gas service exposures much better, and these remain the largest, lumpiest NPLs, contained in transport, communication and storage.
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