SINGAPORE (Feb 16): Singapore banks' problem with oil and gas services firms has just stepped up a notch.

Pain from distressed loans to offshore energy companies dominated Oversea-Chinese Banking Corp.'s earnings call Tuesday and will probably be a hot topic when DBS Group Holdings Ltd. reports its own numbers Thursday. OCBC Chief Executive Officer Samuel Tsien repeated several times that he can't guarantee the worst is over.

Judging by both his remarks and some recent restructuring events, however, the losses may start coming in a slightly different form.

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