@JimmyTurner:DBS's 1Q22 total allowances were higher y-o-y and q-o-q due to higher SPs of S$167mil for the quarter. Nonetheless, credit costs were maintained at 15bps which is in line with recent quarters when significant repayments were excluded. The GP write-back of S$112mil for 1Q22 was from credit upgrades and transfers to NPA. GP reserves remained prudent at S$3.75bn, which were S$ 200mil above the MAS requirement and S$1bn above Tier-2 eligibility.