Singapore’s banks face over SGD 1.1bn ($770m) in potential exposure to struggling offshore player Ezra Holdings, according to a local analyst.

Ezra is said to have $989m of term loans payable to banks, including $568m from 75.4%-owned EMAS Offshore and $150m from 61%-owned Triyards Holdings, says CIMB Research.

“We estimate that DBS has the largest exposure to the Ezra group of companies at SGD 637m, followed by OCBC at SGD 300m and UOB at SGD 166m,” says CIMB analyst Jessalynn Chen.

 “DBS’s