United Overseas Bank Limited · SGX:U11
United Overseas Bank — Q1 2024 Earnings Presentation
6 slides from United Overseas Bank's earnings presentation, May 2024
Slide 1: Resilient performance with healthy balance sheet
Resilient performance with healthy balance sheet CEO remarks Wee Ee Cheong, Deputy Chairman and Chief Executive Officer For the first quarter ended 31 March 2024 Private and Confidential
Slide 2: Robust results delivering balanced growth
Robust results delivering balanced growth Resilient core net profit1 Fuelled by diversified Continued to operate from engines position of strength 1Q24: S$1.6 billion Net interest income Common Equity Tier 1 +5% QoQ S$2.4 billion 13.9% -1% YoY -2% YoY NIM stable at 2.02% Liquidity coverage ratio 160
Slide 3: Group Retail Banking: Diversified revenue streams supporting a balanced business
Group Retail Banking: Diversified revenue streams supporting a balanced business Key drivers Enhanced wealth offerings UOB X Citi Wealth management income* New app capabilities Malaysia, Indonesia and +15% YoY on TMRW SG as part Thailand: Integration of our refreshed completed Total AUM at S$179 bil
Slide 4: Group Wholesale Banking & Markets: Resilient performance despite challenging environment
Group Wholesale Banking & Markets: Resilient performance despite challenging environment Robust cash Strength in Resilient loan and Strong trading and management connectivity trade-related fees investment income revenue Average CASA Cross-border income 1Q24 loan and trade- 1Q24 customer-related bala
Slide 5: Delivering stable and balanced growth
Delivering stable and balanced growth 2024 outlook • Low single-digit loan growth • Double-digit fee growth • Total income to see positive growth • Core cost-to-income ratio at around 41% to 42% on cost discipline One-time costs from Citigroup acquisition to substantially roll off • Credit costs at
Slide 6: Right By You
@ Right By You