Bad debt charges may haunt Singapore banks

Reuters, 4 May 2009, Saeed Azhar
SINGAPORE, May 4 (Reuters) - Singapore's three banks could post sharp declines in quarterly profits this week as bad debt charges soar, and investors will be keen to see how much market share they are gaining from battered foreign players in Asia.
DBS Group Holdings (DBSM.SI), Southeast Asia's biggest bank, could see its profit slide 47 percent in the Jan-March period from a year earlier, according to an average estimate by five analysts in a Thomson Reuters poll.
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