United Overseas Bank Limited · SGX:U11
United Overseas Bank — United Overseas Bank Ord — Q4 2025 Earnings Presentation
22 slides from United Overseas Bank's earnings presentation, Feb 24, 2026
Slide 1: UOB Group Financial Updates
UOB Group Financial Updates Leong Yung Chee Group Chief Financial Officer For the Financial Year / Fourth Quarter Ended 31 December 2025 Private and Confidential. Disclaimer: This material that follows is a presentation of general background information about UOB’s activities current at the date of
Slide 2: Executive Summary
Executive Summary • FY25 net profit at $4.7b. FY25 4Q25 ❑ Net interest income eased as net interest margin contracted to 1.89% amid lower benchmark rates. Net profit after tax ❑ Net fee income of $2.6b at a record high, driven by double digit growth in $4.7b $1.4b wealth and loan-related fees. - 23%
Slide 3: FY25 net profit at $4.7 billion
FY25 net profit at $4.7 billion Stable core franchise; profitability weighed by pre-emptive provisioning 2025 2024 YoY 4Q25 3Q25 QoQ 4Q24 YoY $m $m +/(-)% $m $m +/(-)% $m +/(-)% Net interest income 9,355 9,674 (3) 2,346 2,265 4 2,451 (4) Net fee income 2,569 2,395 7 625 615 2 567 10 Other non-intere
Slide 4: Group Retail
Group Retail Selected income statement data Highlights 2025 2024 YoY • PBT affected by declining rates, albeit offset by relief of one-off expense and $m $m % improved credit costs after the operational merger in Thailand Income 5,100 5,491 (7) Lending, Deposits1 2,998 3,555 (16) • Strategic focus o
Slide 5: Group Wholesale Banking
Group Wholesale Banking Selected income statement data Highlights 2025 2024 YoY $m $m % • PBT declined amid lower rates and keen competition for quality assets, coupled Income 6,245 6,726 (7) with allowance set aside for selected markets and sector Transaction Banking 3,025 3,640 (17) 1 • Despite ta
Slide 6: Global Markets
Global Markets Record high treasury customer led by hedging and wealth demand, while non- customer strategically positioned to capitalise on liquidity and trading conditions Total income ($m) 2,179 1,775 1,064 Treasury Non-Customer 704 623 556 526 474 Treasury Customer1 1,071 1,116 374 319 284 247 2
Slide 7: FY25 net interest income moderated amid lower benchmark rates, cushioned by asset growth
FY25 net interest income moderated amid lower benchmark rates, cushioned by asset growth 2.50 Loan Margin (%) 2.24 2.48 2.40 2.27 2.17 Net Interest Margin (%) 2.12 2.03 1.89 2.00 2.00 1.91 Interbank & Securities Margin (%) 1.82 1.84 1.05 1.15 1.16 1.16 1.16 1.14 1.01 -3% 9,674 9,355 NII from Interba
Slide 8: Net interest margin supported by proactive funding cost management
Net interest margin supported by proactive funding cost management Loan Margin (%) 2.40 2.12 2.17 Interbank & Securities 1.16 1.14 Margin (%) Net Interest Margin (%) 1.82 1.84 -0.02 -0.15 0.19 3Q25 Asset Funding Volume/Mix 4Q25 repricing cost SGD +0.02 | 3M SORA average -0.43 HKD +0.03 | 1M HIBOR av
Slide 9: FY25 gross fees at record high; 4Q25 fees eased amid seasonal softness in loan and wealth activities
FY25 gross fees at record high; 4Q25 fees eased amid seasonal softness in loan and wealth activities +10% 3,464 3,156 368 Others ($m) 362 1,183 Credit Card ($m) 1,107 -5% 896 892 829 847 784 90 96 82 100 91 822 281 Wealth ($m) 296 698 284 321 304 213 218 188 178 203 Loan / Trade Related ($m) 989 1,0
Slide 10: Maintained cost discipline, while prioritising technology and regulatory investments
Maintained cost discipline, while prioritising technology and regulatory investments 45.6 45.2 46.4 44.1 44.6 44.3 42.6 Cost-to-income Ratio (%) 6,310 6,157 Other expenses1 ($m) 1,554 1,608 IT-related expenses ($m) 1,057 1,136 1,579 1,559 1,535 1,535 1,528 401 361 397 426 424 267 253 259 290 333 Sta
Slide 11: Asset quality broadly stable with NPL ratio at 1.5%
Asset quality broadly stable with NPL ratio at 1.5% 1.5 1.6 1.6 1.6 1.5 NPL ratio (%) Non-Performing 5,809 Assets 5,361 5,386 5,440 5,210 914 ($m) Rest of the world 619 609 736 739 Greater China 1,101 1,387 1,330 1,509 1,498 ASEAN-4 2,469 2,440 2,441 2,503 2,313 Singapore 1,021 925 879 883 890 4Q24
Slide 12: FY25 elevated by pre-emptive provisions; 4Q25 credit costs normalised
FY25 elevated by pre-emptive provisions; 4Q25 credit costs normalised 134 55 32 33 Specific credit costs (bps) 52 55 Total credit costs (bps) 35 32 27 26 1,901 32 25 19 19 762 1,166 873 687 1,139 212 Specific allowance on loans ($m) 1,063 290 274 1 172 439 133 479 273 231 156 General allowance on lo
Slide 13: Adequate provision coverage
Adequate provision coverage 32 30 30 30 Specific allowance/NPA (%) 24 General allowance on loans include 0.8 0.8 0.8 1.0 1.0 RLAR/Performing loans (%) 5,787 379 5,268 4,764 4,829 4,765 379 RLAR ($m) 379 379 379 3,664 General allowance ($m) 2,733 2,833 2,776 3,557 Specific allowance ($m) 1,652 1,617
Slide 14: Well-positioned to navigate emerging credit pressures with stronger coverage for selected markets
Well-positioned to navigate emerging credit pressures with stronger coverage for selected markets Legend : 2025 Key Hot Spots 2025 Stronger Coverage 2025 Specific General (2024) Credit Greater United Allowance Greater United Costs China States Coverage1 China States Gross Gross Gross Loans Loans Loa
Slide 15: Customer loans up 4% YoY and stable QoQ
Customer loans up 4% YoY and stable QoQ By Industry By Geography ($b) +4% +0% 5% 6% 338 341 343 351 352 Rest of the world 48 49 51 53 53 24% Greater China 52 51 48 48 45 26% 75 77 ASEAN-4 74 74 74 $352b Dec-25 Singapore 164 167 170 175 177 9% Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 8% Note: Loans are cla
Slide 16: Sound liquidity and funding positions with continued CASA growth
Sound liquidity and funding positions with continued CASA growth 143 143 147 143 141 All-currency LCR (%) 116 116 118 116 116 Net Stable Fund Ratio (NSFR) (%) 82.7 84.0 83.7 82.5 81.7 Loan/Deposit Ratio (LDR) (%) 487 502 468 467 465 67 76 Wholesale Funding ($b) 1 64 66 60 FD & others ($b) 180 177 18
Slide 17: Robust capital position with CET1 ratio healthy at 15.1%
Robust capital position with CET1 ratio healthy at 15.1% 15.5 15.5 CET1 ratio (%) 15.3 15.1 14.6 CET1 ratio (%) – Fully Loaded 15.4 15.4 15.1 14.9 14.5 269 266 273 276 260 RWA ($b) Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Leverage ratio (%) 6.9 7.3 7.1 6.6 6.7 17
Slide 18: Dividends and share buyback for sustainable shareholder returns
Dividends and share buyback for sustainable shareholder returns Core Payout 1 49 50 50 50 ratio (%) Dividend per ordinary share (¢) Share Buyback2 205 Returning $2 billion surplus capital to shareholders 25 181 Special 170 25 Shares Number of Programme 135 repurchased shares Utilisation 85 92 71 Fin
Slide 19: Appendix
Appendix ▪ Exposure to Greater China ▪ Exposure to United States 19
Slide 20: Exposure to Greater China
Exposure to Greater China 2.3 2.1 1.2 1.6 General allowance on 1.0 loans/Performing loans (%) 52 51 48 48 45 Customer Loans ($b) Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 NPL ratio (%) 2.1 2.7 2.7 3.1 3.3 NPA coverage (%) 48 47 57 78 60 Unsecured NPA coverage (%) 144 193 228 299 259 Note: Classification is
Slide 21: Exposure to United States
Exposure to United States 4.7 General allowance on 1.3 2.2 0.8 1.0 loans/Performing loans (%) 17 17 14 14 13 Customer Loans ($b) Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 NPL ratio (%) 3.6 3.7 4.2 4.0 3.0 NPA coverage (%) 81 93 67 69 106 Unsecured NPA coverage (%) 128 148 129 147 235 Note: Classification i
Slide 22: Thank You
Thank You & Right By You
United Overseas Bank Ord — Q4 2025 Earnings Presentation on 6ix