United Overseas Bank Limited · SGX:U11
United Overseas Bank — UBS OneASEAN Virtual Conference 2020
7 slides from United Overseas Bank's conference presentation, September 2020
Slide 1: Banking: Engineering Recovery in ASEAN
UBS OneASEAN Virtual Conference 2020 Banking: Engineering Recovery in ASEAN September 2020 Chan Kok Seong Chief Risk Officer Discla imer : The mater ial in th is pr ese ntat ion conta ins g enera l b ackgro und informat ion a bout Un it ed Overse as Ba nk L im ited (“UO B”) and it s act ivit ies as
Slide 2: Past the trough but recovery path uncertain
Past the trough but recovery path uncertain The worst is likely over as most economic activities have resumed following the record contraction in 2Q20 mainly due to synchronised lockdowns. However, the pace of recovery to pre-COVID 19 levels is highly uncertain and dependent on the pandemic’s trajec
Slide 3: Policy makers' intervention fuelling asset inflation
Policy makers’ intervention fuelling asset inflation… Decisive actions by governments and central banks have helped stabilise the economy and prevented a liquidity crunch and contagion, with low interest rates and ample liquidity spurring asset inflation. Central banks likely to continue keeping rat
Slide 4: …in turn supporting collateral values, which put banks in a better position to facilitate recovery
…in turn supporting collateral values, which put banks in a better position to facilitate recovery Well-supported asset prices have prevented a systemic collapse in collateral values vs. the experience during the 1997-1998 Asian Financial Crisis. With comfortable collateral buffers, banks straddling
Slide 5: Long-term fundamentals of ASEAN remains intact
Long-term fundamentals of ASEAN remains intact UOB takes a long-term view that ASEAN’s strong economic fundamentals are still intact and positive. Population Population (mperson) (mn person) GDP (USD trn) FDI (USD bn) Fifth largest economic bloc after US, China, 726 6.6 654 726 328 EU and Japan. 581
Slide 6: Opportunities abound for UOB in Southeast Asia
Opportunities abound for UOB in Southeast Asia Overall, UOB is well-placed to benefit from the recovery in ASEAN and capture the region’s longer term potential. Growth in the digital banking space across the region. 74% 57% 66% unbanked and under 35 years old1 owns a smartphone1 underbanked2 Ample o
Slide 7: Thank You
Thank You tt UOB RIGHT BY YOU
United Overseas Bank — UBS OneASEAN Virtual Conference 2020 on 6ix