United Overseas Bank Limited · SGX:U11
United Overseas Bank — 1H 2023 Earnings Presentation
7 slides from United Overseas Bank's earnings presentation, Jun 30, 2023
Slide 1: Robust results supported by strong balance sheet
Robust results supported by strong balance sheet CEO remarks Wee Ee Cheong, Deputy Chairman and Chief Executive Officer For the first half ended 30 June 2023 Private and Confidential
Slide 2: Resilient performance with continued income growth
Resilient performance with continued income growth Robust core Driven by diversified Continued to operate from net profit1 engines position of strength Net interest income Common Equity Tier 1 1H23: S$3.1 billion S$4.8 billion 13.6% +53% year on year +37% year on year Liquidity coverage ratio Non-in
Slide 3: Group Retail Banking: Diversified revenue drivers
Group Retail Banking: Diversified revenue drivers UOB x Citi Key drivers On track to achieve projected annualised Credit card fees revenue uplift +51% year on year ~$1 billion in four markets for 2023 Integration progressing well Retail deposit base Integration completed: Malaysia +20% year on year
Slide 4: Expanding our regional capabilities and offerings
Expanding our regional capabilities and offerings UOB TMRW in 4 markets: More international collaborations Thailand, Indonesia, Singapore and Malaysia 3/4 of >7 million retail customers Fulfill the aspirations of our access our services digitally customers across the region Digitally-enabled custome
Slide 5: Group Wholesale Banking & Markets: Strength in connectivity to support growth
Group Wholesale Banking & Markets: Strength in connectivity to support growth Deepening Steady growth in Record high trading and regional connectivity transaction banking investment income 1H23 customer-related trading Cross-border income Average wholesale CASA balances and investment income +17% ye
Slide 6: Delivering stable and balanced growth
Delivering stable and balanced growth 2023 outlook • Low to mid single-digit loan growth • Margins to remain stable, at current levels • High single-digit fees growth • Disciplined cost management One-time costs from Citigroup acquisition to substantially roll off by year end • Credit cost at around
Slide 7: Right By You
@ Right By You