SINGAPORE, March 2 The worst of the pain from
the oil and gas downturn was felt by Singapore banks and other
lenders in the region in 2016, DBS Group Holdings Ltd
Chief Executive Piyush Gupta told a Reuters Newsmaker on
Thursday, forecasting an improved 2017.
"In the short term for most of the banking sector pain was
taken in 2016," Gupta said.
Singapore's banks, including DBS, have been badly hit by
debt payment woes in the city-state's struggling oil services
(Reporting by Marius Zaharia; Writing by Clara Ferreira
Marques; Editing by Muralikumar Anantharaman)