Chart of the Day: Check out the total lending to O&G sector
It is now around 5% of loans.
Looking at which amongst the big three banks suffered the most from O&G, it was DBS with an exposure of $17b. However, this figure does not include the bank's exposure Swiber.
According to Maybank KimEng, lending to upstream industries rose from $4.0b to $5.3b. The firm noted that DBS' loans to O&G sector comprised 6% of its total loans.
Meanwhile, OCBC's exposure reached $13.4b, while UOB recorded $11b.