United Overseas Bank Limited · SGX:U11
United Overseas Bank — H1 2021 Earnings Presentation
8 slides from United Overseas Bank's earnings presentation, August 2021
Slide 1: Strong 1H2021 – Delivering on our promises
Strong 1H2021 – Delivering on our promises CEO’s Remarks Wee Ee Cheong Deputy Chairman and Chief Executive Officer For the Half Year ended 30 June 2021 Private and Confidential. Disclaimer: This material that follows is a presentation of general background information about UOB’s activities current
Slide 2: 1H21 net profit jumped 29% to S$2.0 billion
1H21 net profit jumped 29% to S$2.0 billion Strong customer franchise with healthy contributions across core businesses • Income up 5% to S$4.9 billion • Fee income rose 28% to S$1.2 billion • Loans grew 6% to S$299 billion • Net interest margin steady at 1.56% • Portfolio remains resilient and well
Slide 3: Riding on economic recovery and backed by strong customer franchise
Riding on economic recovery and backed by strong customer franchise • Record quarterly Wholesale Banking income o Increase in cross-border income as trade and investment activities pick up across global economies Helping businesses to capture trade flows Cross-border income and consumers to grow the
Slide 4: Continued investments in digital capabilities
Continued investments in digital capabilities Extending reach and Distributed ledger and deepening customer engagement asset tokenisation Consumers Corporates Digital bond issuance on Marketnode (JV between SGX and Temasek) Collaborations on Central Bank Digital Currencies 4
Slide 5: Committed to supporting our customers through the pandemic
Committed to supporting our customers through the pandemic Supported Continue to work with governments around the region to extend targeted > 1 million assistance to affected customers individuals and > 20,000 First bank to set up a restructuring task SMEs force to help our customers emerge stronger
Slide 6: Sustainable financing and green trade finance
UOB Green Trade Finance Framework 120,000 tCO2-e Co-led development of industry Contribution to annual avoided framework under MAS GFIT1 greenhouse gas emissions S$13b S$5.7b Total sustainable financing2 Total AUM in ESG-focused approved to date as at end 1H21 investments as at end 1H21 1 Monetary A
Slide 7: Right on course for strong, responsible growth
Right on course for strong, responsible growth • High single-digit growth in loans • Double-digit growth in non-interest income • Stable cost-to-income ratio • Lower credit costs of below 25 basis points on the back of our resilient portfolio • Resuming dividend payout ratio of 50%
Slide 8: Right by you
RX TT# RIGHT BY YOU