United Overseas Bank Limited · SGX:U11
United Overseas Bank — H1 2010 Earnings Presentation
7 slides from United Overseas Bank's earnings presentation, Aug 10, 2010
Slide 1: UOB Group First Half 2010 Briefing Results Overview
UOB Group First Half 2010 Briefing Results Overview Wee Ee Cheong Deputy Chairman & Chief Executive Officer 10 August 2010 Disclaimer : This material that follows is a presentation of general background information about the Bank’s activities current at the date of the presentation. It is informatio
Slide 2: Creditable Financial Performance
Creditable Financial Performance YoY QoQ Key Indicators 1H10 1H09 2Q10 1Q10 Change Change Net Profit After Tax ($m) 1,302 880 48.0% 602 700 (14.1)% Operating Profit ($m) 1,686 1,831 (7.9)% 725 960 (24.4)% NIM (% ) * 2.19 2.38 (0.19)% pt 2.14 2.25 (0.11)% pt Fee Income / Income (% ) 20.6 16.4 4.2% pt
Slide 3: Resilient Business Operations
Resilient Business Operations Singapore operating profit down 11.8% as asset yields declined. Loans grew 2.7% YTD • Remained one of the key players in housing loans • New business loans comprised mainly short-term working capital and trade facilities • Strengthen cross-selling efforts and fee income
Slide 4: Resilient Business Operations (cont’d)
Resilient Business Operations (cont’d) Sharpened focus on the region. Overseas operating profit contribution grew to 33.3% in 1H10. Loans grew 11.7% YTD in key regional markets • Malaysia • Achieved good traction, remains a leader amongst foreign banks in target segments • Continue to grow market sh
Slide 5: Resilient Business Operations (cont’d)
Resilient Business Operations (cont’d) • Indonesia • Benefitted from buoyant economic activity given foothold in SME banking • Continue building consumer banking platform to tap on growing affluence. Expect Indonesia to increase contribution in the medium term • China • In investment mode. Immediate
Slide 6: Strong Balance Sheet and Stable Funding
Strong Balance Sheet and Stable Funding Strong balance sheet and capital position provide capacity and flexibility to grow. Resilient core business and capital management initiatives further strengthened capital base Tier 1 and Total CAR rose to 15.1% and 20.1% respectively AFS reserves recovered. P
Slide 7: Looking Ahead
Looking Ahead Results consistent with Asian economic recovery story Performance to-date is in line with long-term strategy Ongoing de-leveraging process in the West, policy response should minimise risk of double-dip recession UOB is confident of delivering growth in our key markets Continued invest