Speaking to reporters after DBS’s 4Q earnings release on Thursday, Gupta said the formation of new nonperforming assets and bad-loan charges for the industry are expected to be “significantly lower this year”.
SINGAPORE (Feb 17): DBS Group chief executive officer Piyush Gupta believes the bank has seen the worst of its woes from loans to troubled companies in the oil and gas support services sector.
Analysts, though, are less convinced.
