United Overseas Bank Limited · SGX:U11
United Overseas Bank — H1 2008 Earnings Presentation
7 slides from United Overseas Bank's earnings presentation, Aug 5, 2008
Slide 1: United Overseas Bank Group First Half 2008 Briefing Results Overview
United Overseas Bank Group First Half 2008 Briefing Results Overview Wee Ee Cheong Deputy Chairman & Chief Executive Officer 5 August 2008 Disclaimer : This material that follows is a presentation of general background information about the Bank’s activities current at the date of the presentation.
Slide 2: Overview Of Financial Performance
Overview Of Financial Performance YoY Key Indicators 1H08 Change Operating Profit ($m) Higher NII 1,675 1,675 10.6% Net Profit After Tax ($m) Consistent uptrend 1,130 2.5% Net Loans ($m) Broad-based growth 97,395 18.1% NIM^ (%) Effective asset & liability management 2.22 0.12%pt Expense / Income (%)
Slide 3: Singapore – Continued Robust Growth
Singapore – Continued Robust Growth Operating profit up 19%; Loans up 25% Housing loan growth momentum continued amid healthy market correction Further grew SME & Corporate portfolios. Selective & focus on quality credits Strong asset quality with low NPL ratio at 0.8% Well-placed to seize
Slide 4: Overseas – Anchoring Regional Franchise
Overseas – Anchoring Regional Franchise Overseas operating profit down 6%. But core NII up 18%; Loans grew 8% Asset quality remains sound Core business intact. Continue to focus on Consumer & SME segments Ongoing infrastructure investments for future growth Short-term uncertainties in regi
Slide 5: Overseas – Markets In Review
Overseas – Markets In Review Malaysia • Double-digit growth in loans & NII • Infrastructure in place. Continued focus in target segments Thailand • Turned around with improved loans & profits • Pursue disciplined growth Indonesia • Progressing well in core franchise. Continue to invest • Conso
Slide 6: Disciplined Balance Sheet Management
Disciplined Balance Sheet Management Well-diversified asset base • 54% in loans across countries, segments, industries • 10% in investment-grade securities • Maintain quality book; conservative provisioning policy Sound liquidity management • 22% of deposits deployed into cash & balances with ce
Slide 7: In Summary
In Summary Commendable performance in first half. Core business remains strong Global environment continues to be challenging. Asia not spared, but remains fairly resilient UOB well-positioned to meet challenges ahead – Strong franchise, balance sheet strength, valued distribution network St