United Overseas Bank Limited · SGX:U11
United Overseas Bank — Q3 2021 Earnings Presentation
7 slides from United Overseas Bank's earnings presentation, Sep 30, 2021
Slide 1: 3Q 2021 – Building upon growth momentum
3Q 2021 – Building upon growth momentum CEO’s Remarks Wee Ee Cheong Deputy Chairman and Chief Executive Officer For the Third Quarter ended 30 September 2021 Private and Confidential. Disclaimer: This material that follows is a presentation of general background information about UOB’s activities cu
Slide 2: 3Q21 profit rose 4% QoQ to S$1.05b
3Q21 profit rose 4% QoQ to S$1.05b Healthy loan growth and sustained fee income, coupled with lower credit allowance • Income up 1% to S$2.45 billion • Loans grew 3% to S$306 billion • Fee income stable at S$589 million • Net interest margin steady at 1.55% • Cost-to-income ratio unchanged at 43.7%
Slide 3: Leveraging regional connectivity and diversified customer franchise
Leveraging regional connectivity and diversified customer franchise • Increase in cross-border income on continued China-ASEAN trade and investments Cross-border income +6%1 Contributing 30% of Group Wholesale Banking income Helping businesses to expand regionally and consumers to grow their wealth
Slide 4: Accelerating innovation with progressive solutions
Accelerating innovation with progressive solutions Scaling presence through Expanding suite of Creating Web3.0 unified UOB TMRW wealth solutions ecosystem collaborations Singapore launch – October 2021 >80%2 SimpleInvest customers new to wealth products • Data infrastructure • Distributed ledger • A
Slide 5: Sustainable financing and ESG-focused investments
160,000 tCO2-e1 Ecosystem solutions offering Contribution to annual avoided end-to-end financing greenhouse gas emissions S$14b1 S$7b1 Total sustainable financing2 Total AUM in approved ESG-focused investments 1 As at end 9M21 2 Comprising green loans, sustainability-linked loans and loans for green
Slide 6: 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
Slide 7: area
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