Chart of the Day: Check out rising NPL ratios of Singapore banks

DBS' saw the biggest NPL increase at 19% QoQ.

Singapore banks has been enduring asset quality deterioration with the weakness coming from the Oil & Gas sector. According to Goldman Sachs, DBS’ NPL increased the most at 19% qoq, mainly from one large O&G company and another steel-related Indian company, followed by UOB and OCBC.

"Banks still expect NPLs to continue to come through for the next few quarters mostly from the O&G space with NPLs elsewhere remaining manageable," it said.

The firm added, "Credit cost was high in 3Q on the back of rising NPLs and we expect provisions to stay elevated going forward as we anticipate NPLs to rise further. Banks’ loan loss coverage, as per our calculation, has fallen 10pp on average in 3Q to 103% with DBS down most to 93%, from 108% in 2Q."

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia