DBS' Dubai loans exceed most foreign banks' UAE loans
Blowin' In The Wind (Free subscription) | 12/01/2009
... total balance sheet." DBS may shrug it off. But, by its own account, its "exposure to the entire Middle East region accounts for around 2 per cent of its balance sheet". That's more than the 1.8 per cent exposure HSBC was believed to have to the United Arab Emirates when its shares plunged last week. It looks like Daniel Tabbush, Asia banks analyst at CLSA in Bangkok, was right after...