United Overseas Bank Limited · SGX:U11
United Overseas Bank — H1 2017 Earnings Presentation
10 slides from United Overseas Bank's earnings presentation, Jul 28, 2017
Slide 1: First Half 2017 Results
First Half 2017 Results Sound Operating Performance, Healthy Balance Sheet Wee Ee Cheong Deputy Chairman and Chief Executive Officer 28 July 2017 Discla imer: Th is mater ial that follo ws is a prese ntat io n of genera l ba ckgrou nd informat ion ab out the Ba nk’s act ivities current at the date o
Slide 2: Macro Backdrop
Macro Backdrop Asian Financial Crisis’ (AFC) 20th anniversary ASEAN is in stronger position. Sound fundamentals of sovereigns, banks and corporates UOB: – Made several strategic acquisitions post-AFC – Has scalable and sustainable integrated ASEAN platform today – Now extracting value from reg
Slide 3: Sound Performance; Broad-based Growth Across Businesses
Sound Performance; Broad-based Growth Across Businesses 1H17 profit: S$1.7bn, +5.5% YoY – Driven by higher net interest income and fee income Net interest income up 7.0% to S$2.7bn, on the back of higher loans and NIM – Loans: +7.3% YoY, as we continued to build customer franchise in Singapore a
Slide 4: Disciplined Balance Sheet Management
Disciplined Balance Sheet Management Portfolio quality broadly stable Countercyclical Approach to General Allowances ($m) – NPL ratio stable at 1.5% $16m added 204 – High general allowances-to-loans 460 16 359 278 ratio of 1.2% 105 – Begin to build up general allowances, when possible 2,620 1,964
Slide 5: Wholesale Banking: Good Traction in Growing Customer Franchise
Wholesale Banking: Good Traction in Growing Customer Franchise Stable performance in 1H 2017, Wholesale Banking Business amidst cautious business climate Gross Loans ($bn) Total Income ($m) – Higher loans, with growing customer +10% +8% 4000 +3% 4.00% YoY YoY YoY franchise 3500 3.50% 3000 0% 3.00%
Slide 6: Transaction Banking: A Key Income Generator for Wholesale Banking
Transaction Banking: A Key Income Generator for Wholesale Banking Trade Loans Deposits Overall transaction banking income grew by 9% -6% CAGR 20% CAGR +2% YoY +42% YoY 35% 33% 32% 33% Growth in trade revenue, 35% driven by strong growth 37% 33% 39% 40% 39% momentum in trade assets, 65% 65% 67% 6
Slide 7: Retail Banking: Growth Momentum Picking Up
Retail Banking: Growth Momentum Picking Up Housing loans in Singapore and in the Group Retail1 Business region fared well Gross Loans ($bn) Total Income ($m) +9% – Asset quality remains stable +6% 4000 YoY 4.00% +7% YoY 3500 YoY 3000 +10% 3.00% YoY Business Banking a growing earnings 2500 2000 R
Slide 8: Customer-Centric Approach in Digital
Customer-Centric Approach in Digital Rising Digital Adoption UOB’s Digital Roadmap Amongst Customers Group’s Transaction volumes 58% 63% Jul 52% 2017 Launches UOB MyKey for use of 67% PayNow in social messaging apps Dec 2014 2015 2016 YTD Jun 2016 2017 Launches UOB Mighty Secure for Digital (Interne
Slide 9: Looking Ahead
Looking Ahead Global economic outlook is stabilising, but mindful that possibly more uncertainties ahead Asia’s long-term fundamentals still strong, underpinned by connectivity opportunities and rising affluence UOB: – Integrated regional network positions us well to tap on these connectivity
Slide 10: Thank You
Thank You tt UOB RIGHT BY YOU