Singapore’s three largest banks are poised to report higher impairment charges for loans to the struggling oil and gas industry and weaker interest margins when they post third-quarter earnings in coming days.
DBS Group Holdings Ltd. is expected to lead the increase in impairment charges of S$255 million ($183 million) for the period, a 43 percent jump from a year earlier, according to Goldman Sachs Group Inc.
DBS, Singapore’s largest bank by assets, and Oversea-Chinese Banking Corp. will probably report a second consecutive quarterly profit decline, while United Overseas Bank Ltd. may post a 10 percent drop, analyst estimates compiled by Bloomberg News show.
