United Overseas Bank Limited · SGX:U11
United Overseas Bank — FY2021 Earnings Presentation
7 slides from United Overseas Bank's earnings presentation, February 2022
Slide 1: Strong performance and resilient asset quality
Strong performance and resilient asset quality CEO’s Remarks Wee Ee Cheong Deputy Chairman and Chief Executive Officer For the Financial Year / Fourth Quarter Ended 31 December 2021 Private and Confidential. Disclaimer: This material that follows is a presentation of general background information a
Slide 2: FY21 net profit up 40% to S$4 billion
FY21 net profit up 40% to S$4 billion Stabilising operating environment with strengthening green shoots of recovery in Singapore and the region • Loans grew 10% • NIM was stable at 1.56% • Achieved record fees, up 21% • CIR improved to 44.1% • Portfolio is resilient with stable asset quality • Total
Slide 3: Group Wholesale Banking - Diversified growth engines powering performance
Group Wholesale Banking - Diversified growth engines powering performance • Increase in cross-border income on continued ASEAN-China trade and investments Cross-border income +10% Contributing 30% of Group Wholesale Banking income • Diversification across geographies, sectors and products Growth out
Slide 4: Group Retail - Building scale and deepening capabilities
Group Retail - Building scale and deepening capabilities Acquiring customers digitally and serving them through our omni-channel approach Becoming one of the largest retail banks in the region UOB x Citi Digital Wealth advisory Indonesia, Malaysia, Progressive roll-out Sharpened focus on serving Tha
Slide 5: Delivering sustainability for our customers and communities
Delivering sustainability for our customers and communities Leading Sustainable Finance Launching Sector-Specific Leading Sustainable Solutions Financial across ASEAN Forging a Sustainable Sustainable Frameworks Solutions Across ASEAN Future for All and Solutions S$17 billion Green Trade Finance Fra
Slide 6: Optimistic of ASEAN's long-term potential
Optimistic of ASEAN’s long-term potential • Mid to high single-digit loan growth • Double-digit growth in non-interest income • Stable cost-to-income ratio • Credit costs to normalise on the back of our resilient portfolio
Slide 7: area
area T# RIGHT BY YOU