Oil and gas offshore support provider Ezra ’s trading halt has been seen as a prelude to its collapse , with Malaysian firm CIMB stating that the potential exposure for the Development Bank of Singapore ( DBS ) could be as much as $ 637 m . Ezra had $ 250 m of loans and bills owed to banks as of 31 August 2016 . DBS could suffer the most should the liquidation route be taken , followed by OCBC Bank at $ 250 m and UOB at $ 166 m . The banks will have to make arrangements for the funds they are owed as they may be unrecoverable during the crisis .
Oil and gas offshore support provider Ezra’s trading halt has been seen as a prelude to its liquidation, with Malaysian firm CIMB stating that the potential exposure for the Development Bank of Singapore (DBS) could be as much as $637m. Ezra had $989m of loans and bills owed to banks as of 31 August 2016. DBS could suffer the most should the liquidation route be taken, followed by OCBC Bank at $300m and UOB at $166m. The banks will have to make arrangements for the funds they are owed as they may be unrecoverable following the liquidation.