Slide 1: First Half 2018 Results: Record Quarterly Earnings; Healthy Balance Sheet Growth
First Half 2018 Results Record Quarterly Earnings; Healthy Balance Sheet Growth Wee Ee Cheong Deputy Chairman and Chief Executive Officer 3 August 2018 Discla imer: Th is mater ial that follo ws is a prese ntat io n of genera l ba ckgrou nd informat ion ab out the Ba nk’s act ivities current at the
Slide 2: Record Earnings – Healthy Contributions from Core Business
Record Earnings – Healthy Contributions from Core Business 2Q18 profit exceeded $1bn; 1H18 profit at $2.05bn, 524% YoY – Both net interest income and fee income saw strong growth in 1H18 Net interest income 513% YoY to $3.01bn – Loans 510% YoY; increase was broad-based across most markets and in
Slide 3: Disciplined Balance Sheet Management
Disciplined Balance Sheet Management Healthy portfolio quality Balance Sheet Efficiency a Key Priority – 11bps credit cost on NPL lower YoY – NPL ratio stable at 1.7% RoRWA1 – Adequate non-performing assets 1.51% 1.63% 2.04% reserve cover: 89%, or 190% including collateral FY16 FY17 1H18 Improve
Slide 4: Wholesale Banking: Income Diversification Remains Key
Wholesale Banking: Income Diversification Remains Key Income from Non-Loan: +15% YoY in 1H18 Segment RoRWA1: +0.16% pt YoY in 1H18 Non-loan income 52% 51% 52% % 1,707 850 918 2.04% 2.02% 2.18% S$m 1,855 881 1,009 FY17 1H17 1H18 FY17 1H17 1H18 Non-loan income Loan income Income from Transaction Banki
Slide 5: Retail Banking: Steady Improvement in Performance
Retail Banking: Steady Improvement in Performance Gross Loans (Group Retail1): +6% YoY in 1H18 Income3 (Group Retail1) +5% YoY in 1H18 S$bn S$m 104 100 106 3,781 1,851 1,943 FY17 1H17 1H18 FY17 1H17 1H18 High Affluent2 Income: +12% YoY in 1H18 Segment RoRWA4 +0.42% pt YoY in 1H18 +12% 1,330 6.46% 6.
Slide 6: Harnessing Technology and Innovation to Enhance the Customer Experience
Harnessing Technology and Innovation to Enhance the Customer Experience Keep our customers at the centre – Provide an omni-channel experience – Offer relevant, seamless, smarter, simpler and safer solutions – Increase performance and productivity Invest for the future – Strengthen capabilities i
Slide 7: Looking Ahead
Looking Ahead Near-term uncertainties for global economy and Singapore – Trade tensions between US and China, slowing China’s economy – Impact of government’s recent property market measures Confidence in Asia’s long-term potential, underpinned by intra- regional investment flows and rising affl
Slide 8: Thank You
Thank You tt UOB RIGHT BY YOU