DBS kena $1.8 bln in Dubai Crisis

[Merl Haggard]

DBS Group: Total Dubai Exposure About $1.8 Bln


SINGAPORE--DBS Group Holdings Ltd. Monday said its total exposure to the city-state of Dubai is approximately $1.8 billion but that it believes its exposure is manageable.

"The bank believes that the situation is manageable as a substantial portion of this is to Dubai-owned companies operating in Asia that are sound, such as Labroy and South Beach, which is collateralized," DBS said in a statement.

DBS said the only DBS credit captured under Dubai World's standstill notice is a $558 million bilateral loan to Dubai World Finance, which represents 0.2% of DBS' total balance sheet.

The bank said it has no exposure to Nakheel and that its total exposure to the entire Middle East region accounts for about 2% of its balance sheet.

 

[TeeKee]

a few billions in Lehman Brothers....

a few billions in Sands....

now a few billions in Dubai....

still got where?

still manageable? LOL!

 

[Merl Haggard]

a few billions in Lehman Brothers....

a few billions in Sands....

now a few billions in Dubai....

still manageable? LOL!

Plus Temasek's 19% of Stan Chart's exposure of US$7.8 bln in Dubai.

Jinx the no-shame bitch Fatt tatt argh!

 

[TeeKee]

Plus Temasek's 19% of Stan Chart's exposure of US$7.8 bln in Dubai.

Jinx the no-shame bitch Fatt tatt argh!

i think she should contest in this coming election, just piggy back in one of the GRCs..keep her occupied so that she won't have the time to go shopping...

LKY will sure turn in early....

 

[ahleebabasingaporethief]

DBS Group: Total Dubai Exposure About $1.8 Bln
DBS said the only DBS credit captured under Dubai World's standstill notice is a $558 million bilateral loan to Dubai World Finance, which represents 0.2% of DBS' total balance sheet.

The bank said it has no exposure to Nakheel and that its total exposure to the entire Middle East region accounts for about 2% of its balance sheet.

2% of it's total balance sheet?

Shouldn't it be against their MARKET CAPITALIZATION? What is DeeBeeASS market capitalization on the SGX? Anyone have the figures?

So $1.8 Billion is how many percent of their market capitalization?
​

 

[SotongMee]

Ya, can LOLx man!

Soon there will be MORE for every peasant

More donation charity shows and ad-hoc lego bricks event on the way
More squeezing blood out of peasant akan datang
More traffic police on patrol
More parking warden issuing tickets
More property tax
More fines and no jail for shop lifting
More ERP gantry
More electricity tarriffs
More cheap FTrash imports
More expensive housing
More fines for every imaginable petty "crimes" and honest mistakes
More.........More....More

a few billions in Lehman Brothers....

a few billions in Sands....

now a few billions in Dubai....

still got where?

still manageable? LOL!

 

[singveld]

0.2% is very small indeed for singapore share.

i heard UK banks lend a lot of money to dubai.

i waited for this day for very long, i thought i have to wait for 20 yrs when dubai oil ran out, but now they already up mountain. it is good news.

 

[Watchman]

I told them to invest locally, they won't listen !

 

[Papsmearer]

DBS Group: Total Dubai Exposure About $1.8 Bln


SINGAPORE--DBS Group Holdings Ltd. Monday said its total exposure to the city-state of Dubai is approximately $1.8 billion but that it believes its exposure is manageable.

"The bank believes that the situation is manageable as a substantial portion of this is to Dubai-owned companies operating in Asia that are sound, such as Labroy and South Beach, which is collateralized," DBS said in a statement.

DBS said the only DBS credit captured under Dubai World's standstill notice is a $558 million bilateral loan to Dubai World Finance, which represents 0.2% of DBS' total balance sheet.

The bank said it has no exposure to Nakheel and that its total exposure to the entire Middle East region accounts for about 2% of its balance sheet.

As usual, this is just another bullshit statemnt by DBS. They expect people to swallow this crap. First they say their exposure is manageable. How is it manageable? Well, they say that its manageable because the loans are made to Labroy and South Beach and they are collateralized. U think? Who makes multi million UNCOLLATERALIZED LOANS? The collateral is worth shit because the company's assets are in Dubai, and have hence fallen in value.

What is 0.2% of total balance sheet? What jargon is this!! There is assets, and liability on the balance sheet. These are not combinable. Is it than .2% of total assets.

 

[ahleebabasingaporethief]

As usual, this is just another bullshit statemnt by DBS. They expect people to swallow this crap. First they say their exposure is manageable. How is it manageable? Well, they say that its manageable because the loans are made to Labroy and South Beach and they are collateralized. U think? Who makes multi million UNCOLLATERALIZED LOANS? The collateral is worth shit because the company's assets are in Dubai, and have hence fallen in value.

What is 0.2% of total balance sheet? What jargon is this!! There is assets, and liability on the balance sheet. These are not combinable. Is it than .2% of total assets.

Last time 66.6% swallowed everything.

This time leh?.
​

 

[theblackhole]

bleed and bleed...keep on bleeding..

how long can it last...

 

[Einfield]

Now you know why "Chip" resign base on Strategic differences with Ho Jinx and gang in Tamasick

As usual, this is just another bullshit statemnt by DBS. They expect people to swallow this crap. First they say their exposure is manageable. How is it manageable? Well, they say that its manageable because the loans are made to Labroy and South Beach and they are collateralized. U think? Who makes multi million UNCOLLATERALIZED LOANS? The collateral is worth shit because the company's assets are in Dubai, and have hence fallen in value.

What is 0.2% of total balance sheet? What jargon is this!! There is assets, and liability on the balance sheet. These are not combinable. Is it than .2% of total assets.

 

[YNT]

you can have gold and silver mountain, if not manage properly. It will be used up sooner or later