United Overseas Bank Limited · SGX:U11
United Overseas Bank — FY2008 Earnings Presentation
9 slides from United Overseas Bank's earnings presentation, Feb 27, 2009
Slide 1: UOB Group Full Year 2008 Briefing Results Overview
UOB Group Full Year 2008 Briefing Results Overview Wee Ee Cheong Deputy Chairman & Chief Executive Officer 27 February 2009 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 informati
Slide 2: 2008 Financial Snapshot
2008 Financial Snapshot YoY Key Indicators 2008 2007 Change Operating Profit ($m) Higher NII as spreads widened 3,200 2,854 12.1% Commendable performance in Net Profit After Tax ($m) 1,937 2,109 8.2% difficult environment Net Loans ($m) Good growth momentum 99,840 92,669 7.7% NIM (%) Stronger pricin
Slide 3: Singapore – Seizing Opportunities
Singapore – Seizing Opportunities Operating profit up 22%. Loans up 11% Maintaining housing loan market share in subdued environment Market leader in SME financing. Support government’s initiatives and remain committed to customers Opportunities in Corporate lending. Pricing power continues
Slide 4: Overseas – Positioning Strategically for the Future
Overseas – Positioning Strategically for the Future Overseas operating profit declined 5%. NII up 20%, loans grew 3% Asean economies less susceptible to liquidity shocks, as reflected in our stable asset quality OECD markets affected by some provisions. Maintain global diversification for a ba
Slide 5: Key Markets
Key Markets Malaysia • Increase in loans and NII. Profits affected by weaker trading income and higher provisions from a couple of large accounts • Well-established history, with focus on target Consumer and SME businesses Thailand • Broad-based strong performance despite domestic uncertainties
Slide 6: Key Markets (cont’d)
Key Markets (cont’d) Indonesia • Performed well in operating lines • Took majority stake in Buana for more effective strategic execution. Strengthening core franchise China • Good progress following local incorporation. Building RMB business. Also establishing infrastructure • Pacing growth mome
Slide 7: Sound Balance Sheet Position
Sound Balance Sheet Position Stress tests indicate portfolios are resilient Customer loans at 55% of assets ($100 billion) • 39% Corporates, 36% Consumer, 25% SMEs. Spread out across industries • SME portfolio diversified, NPLs in Singapore and region remain healthy • Singapore government risk-s
Slide 8: Strong Capital Adequacy
Strong Capital Adequacy Strengthened capital position with $1.32 billion preference share issue Strong CAR at 10.9% for Tier 1 & 15.3% for total – well above regulatory requirements Current capital level able to withstand near-term potential shocks and portfolio deterioration Continue to str
Slide 9: Looking Ahead
Looking Ahead Creditable results in 2008 given unprecedented times – pricing power, increase wallet share in target segments Amidst global financial crisis, 2009 to be another challenging year. But Asia in position to rebound faster as not saddled with structural problems UOB will inevitably b