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(1)

CEO Observations

(2)

Resilient operating performance

Income: 8% yoy growth

Expenses: 5% yoy reduction

(3)

Portfolio update: Support services

The name has moved to

1/2 has weakness, with a few

2Q16 results briefing in August

(4)

Portfolio update: Oil and Gas

Sep 2016*

Producers

Traders

Processors

(includes Support

Others

Services)

Total

(S$b)

Exposure

5

3

4

7

20

Of which:

Loans

4

2

4

6

16

Jun 2016*

Producers

Traders

Processors

(includes Support

Others

Services)

Total

(S$b)

Exposure

8

3

4

7

23

Of which:

(5)

Portfolio update: Other commodities

Sep 2016

Producers

Traders

Combined

(S$b)

Exposure

5

9

14

Of which:

Loans

5

7

12

Jun 2016

Producers

Traders

Combined

(S$b)

Exposure

4

11

15

Of which:

(6)

Outlook 2017

Loan and non-interest income:

mid-single digit growth

Interest rates:

short term uncertainty, should be alleviated by Fed hikes

Expenses:

target flat jaws

(7)

CEO Observations

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