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Wednesday, March 1, 2017

Ezra's ECS bankruptcy will affect DBS & OCBC.

DBS & OCBC have loan exposures to ECS.  Ezra will have to write off its ECS investment of about USD$170m (40% stake in ecs).  DBS's exposure is about USD$84.6m and OCBC's exposure is about USD$13.1m.


Eric Ho said...

Eric Ho said...

Here we go again! I won't believe DBS CEO unless DBS had written down Ezra's bad debt to ZERO. Then, DBS can proudly say that the pain has been taken.