United Overseas Bank Limited · SGX:U11
United Overseas Bank — Q3 2022 Earnings Presentation
7 slides from United Overseas Bank's earnings presentation, November 2022
Slide 1: Record net profit supported by balanced performance
Record net profit supported by balanced performance CEO remarks Wee Ee Cheong, Deputy Chairman and Chief Executive Officer For the third quarter ended 30 September 2022 Private and Confidential
Slide 2: Robust performance on rising margins and customer-related treasury income
Robust performance on rising margins and customer-related treasury income Record 3Q22 Net Profit Benign asset quality Robust liquidity & funding positions Total credit costs at 17 basis points Common Equity Tier 1 12.8% S$1.4 billion Liquidity coverage ratio Non-performing loan ratio +26% quarter on
Slide 3: Group Wholesale Banking: Steady performance as margins rose
Group Wholesale Banking: Steady performance as margins rose Higher returns Cross-border revenue Regional achieved cash management Grew 16% year on year1 services lauded Driven by enlarged No. 1 preferred USD and SGD Our extensive regional financial institution assets and CASA footprint, deep local a
Slide 4: Group Retail Banking: Balanced business drivers
Group Retail Banking: Balanced business drivers Core business UOB x Citi Completing acquisition: Mortgage business On Nov 1: Thailand and Malaysia held steady By end 2023: Vietnam and Indonesia with a market share of 30% Credit card fees Grew steadily Citi’s business remains strong and around 90% of
Slide 5: Continued sustainability efforts
Continued sustainability efforts Reached S$23 billion1 Total sustainable financing portfolio UOB x Citi >295,000 tCO2-e2 Supporting Contribution to annual avoided greenhouse gas emissions Estimated regulatory approval timeline: businesses By year end: Thailand and Malaysia Helping SMEs to go green •
Slide 6: Confident of ASEAN's long-term potential
Confident of ASEAN’s long-term potential 2022 outlook • Mid single-digit loan growth • 4Q22 margins above 2% • Stable cost-to-income ratio • Credit costs at 20 basis points 6
Slide 7: Right By You
Right By You