United Overseas Bank Limited · SGX:U11
United Overseas Bank — Q1 2023 Earnings Presentation
6 slides from United Overseas Bank's earnings presentation, May 2023
Slide 1: Resilient earnings with strong balance sheet
Resilient earnings with strong balance sheet CEO remarks Wee Ee Cheong, Deputy Chairman and Chief Executive Officer For the first quarter ended 31 March 2023 Private and Confidential
Slide 2: Resilient performance with continued income growth
Resilient performance with continued income growth Record 1Q23 core Driven by diversified Strengthened our net profit1 engines balance sheet Net interest income S$2.41 billion Common Equity Tier 1 +43% year on year 14.0% S$1.6 billion Non-interest income +74% year on year Liquidity coverage ratio S$
Slide 3: Group Retail Banking: Balanced business model
Group Retail Banking: Balanced business model Key drivers UOB x Citi Wealth management fees Acquisition making good progress: highest levels Completed: Thailand, Malaysia and Vietnam in four quarters By end 2023: Indonesia Credit card fees On track to achieve projected revenue uplift: almost doubled
Slide 4: Group Wholesale Banking and Markets: Strong transaction banking and global markets businesses
Group Wholesale Banking and Markets: Strong transaction banking and global markets businesses Global markets business Robust cash management Aim to become Number 1 grew strongly revenue cross-border trade bank for ASEAN Customer-related trading & Average CASA balances Trade income investment income
Slide 5: Confident of Asia's continued growth
Confident of Asia’s continued growth 2023 outlook • Low to mid single-digit loan growth • Margins to hold up, at current levels • Double-digit fees growth • Costs to remain well-managed • Credit cost at 20-25 basis points 5
Slide 6: Right By You
@ Right By You