United Overseas Bank Limited · SGX:U11
United Overseas Bank — Q3 2023 Earnings Presentation
6 slides from United Overseas Bank's earnings presentation, November 2023
Slide 1: Resilient portfolio with diversified business drivers
Resilient portfolio with diversified business drivers CEO remarks Wee Ee Cheong, Deputy Chairman and Chief Executive Officer For the third quarter ended 30 September 2023 Private and Confidential
Slide 2: Robust portfolio delivering stable growth
Robust portfolio delivering stable growth Higher core net profit1 Driven by diversified Continued to operate from engines position of strength 3Q23: S$1.5 billion Net interest income Common Equity Tier 1 +5% YoY S$2.4 billion 13.0% +9% YoY Liquidity coverage ratio 9M23: S$4.6 billion Fee income 153%
Slide 3: Group Retail Banking: Balanced business model
Group Retail Banking: Balanced business model Key drivers UOB X Citi Credit card fees at a record Integration progress Expanded capabilities for larger +89% YoY on track customer base Malaysia: Upgraded TMRW app Wealth management fees Migrated ~700k ex-Citi to serve regional +11% YoY customers onto
Slide 4: Group Wholesale Banking & Markets: Diversified revenue drivers
Group Wholesale Banking & Markets: Diversified revenue drivers Improved capabilities over Loan and trade-related fees Sustained trading and the years grew strongly investment income Customer cash balances Highest in five quarters, 3Q23 customer-related trading +3% year to date reaching and investmen
Slide 5: Delivering stable and balanced growth
Delivering stable and balanced growth 2024 outlook • Mid single-digit loan growth • Margins to remain at current levels • Double-digit fee growth • Stable cost-to-income ratio One-time costs from Citigroup acquisition to substantially roll off • Credit cost at around 25-30 basis points 5
Slide 6: Right By You
@ Right By You