Singapore bank UOB Group has blamed shipping and oil and gas for a big jump in loan provisions.
Specific allowances rose SGD 577m to SGD 969m ($644m) in 2016, it said.
Net profit was SGD 3.1bn, down 3.5% year-on-year.
The non-performing loan (NPL) ratio rose from 1.4% to 1.5%.
Total allowances fell 11.6% to SGD 594m, due to lower specific provisions on other assets.
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