United Overseas Bank Limited · SGX:U11
United Overseas Bank — Corporate Day 2024
7 slides from United Overseas Bank's conference presentation, Aug 14, 2024
Slide 1: Corporate Day 2024: UOB's Financial Shape by 2026
Corporate Day 2024 Building the Future of ASEAN UOB’s Financial Shape by 2026 14 August 2024 Kuala Lumpur, Malaysia Private and Confidential
Slide 2: Building the future of ASEAN
Building the future of ASEAN Wholesale Retail • Capture connectivity flows between Greater China and • Raising regional scale to new heights, boosted by Citi ASEAN and intra-ASEAN & supported by TMRW • Seize decarbonisation opportunities to support ASEAN • Refreshed Private Wealth strategy to captur
Slide 3: Wholesale business to pivot towards trade, cash and treasury
Wholesale business to pivot towards trade, cash and treasury spurred by connectivity flows and enhanced product platforms Riding on 2026 Wholesale Banking shape megatrends to Pivot towards trade, of WB income to be driven drive our ASEAN cash management 2x increase2 in trade loans3 ~60 by trade, cas
Slide 4: Enlarged retail franchise to capture rising wealth in the region
Enlarged retail franchise to capture rising wealth in the region, augmented by post-Citi integration synergy ASEAN’s immense 2026 Retail Banking shape growth potential Reshaping business of retail income to be Increase2 in AUM of mix towards growth ~50% driven by wealth and 2x Private Banking custom
Slide 5: Focus on cost productivity
Ambition Focus on cost • Cost of doing business is higher in subsidiaries from local regulatory productivity requirements, higher branch/ distribution channel costs and differences in scale of franchise to achieve our • Investment in people and technology to transform the business target CIR of to b
Slide 6: Our Medium-Term Goals by 2026
Our Medium-Term Goals by 2026 CAGR CAGR CAGR CAGR +3% CAGR +4% CAGR +4% +15% +11% +15% 22% 16% 24% 17% 37% 19% 30% 31% 16% 26% 26% 16% 34% 14% 29% 69% 63% 61% 59% 57% 54% 60% 55% 66% 2020 2023 2026 2020 2023 2026 2020 2023 2026 SG ASEAN-4 Others NII Non-NII Staff Tech Others Increased contribution H
Slide 7: Right By You
@ Right By You