United Overseas Bank Limited · SGX:U11
United Overseas Bank — 1H 2022 Earnings Presentation
7 slides from United Overseas Bank's earnings presentation, August 2022
Slide 1: Diversified business delivered stable performance
Diversified business delivered stable performance CEO’s Remarks Wee Ee Cheong Deputy Chairman and Chief Executive Officer For the first half ended 30 June 2022 Private and Confidential. Disclaimer: This material that follows is a presentation of general background information about UOB’s activities
Slide 2: Stable performance backed by higher net interest margins and loan growth
Stable performance backed by higher net interest margins and loan growth 1H22 Net Profit Resilient asset quality Common Equity Tier 1 S$2.0 billion Total credit costs at 13.1% 22 basis points1 2Q22 Net Profit Liquidity coverage ratio1 Non-performing loan ratio 141% 11% higher YoY 1.7% At $1.1 billio
Slide 3: Group Wholesale Banking – diversified footprint, client base and deep expertise
Group Wholesale Banking – diversified footprint, client base and deep expertise Loan growth Loan-related and trade fees Cross-border revenue High single digit Hit a new high Grew 13% yoy1 Driven by demand for Backed by strong structuring and advisory Increasing trade and investment short-term workin
Slide 4: Group Retail Banking – balanced business drivers
Group Retail Banking – balanced business drivers Core business UOB x Citi Mortgage business Estimated regulatory approval timeline: steady growth By year end: Thailand and Malaysia with a market share of 24%1 By first quarter 2023: Vietnam By fourth quarter 2023: Indonesia Credit card fees hit new h
Slide 5: Broad-based sustainability efforts
Broad-based sustainability efforts Reached S$21 billion1 Total sustainable financing portfolio2 >269,000 tCO2-e Create positive Contribution to annual avoided impact Stood at S$11.7 billion3 greenhouse gas emissions Total AUM in ESG-focused investments Helping SMEs to go green • S$2 billion sustaina
Slide 6: Confident of ASEAN's long-term potential
Confident of ASEAN’s long-term potential 2022 outlook • Mid single-digit loan growth • Low single-digit fee growth • Stable cost-to-income ratio • Credit costs at 25 basis points
Slide 7: Right by you
RK FH RIGHT BY YOU