United Overseas Bank Limited · SGX:U11
United Overseas Bank — FY2009 Earnings Presentation
8 slides from United Overseas Bank's earnings presentation, Feb 26, 2010
Slide 1: UOB Group Full Year 2009 Briefing: Results Overview
UOB Group Full Year 2009 Briefing Results Overview Wee Ee Cheong Deputy Chairman & Chief Executive Officer 26 February 2010 Disclaimer : This material that follows is a presentation of general background information about the Bank’s activities current at the date of the presentation. It is informati
Slide 2: Record Operating Profit – Resilient Core Franchise
Record Operating Profit – Resilient Core Franchise YoY Key Indicators 2009 2008 Change Total Income ($m) 5,405 5,250 3.0% Operating Profit ($m) 3,331 3,200 4.1% Net Profit After Tax ($m) 1,902 1,937 1.8% NIM (%) 2.36 2.27 0.09%pt Expense / Income (%) 38.4 39.0 0.6%pt Non-NII / Total Income (%) 32.0
Slide 3: Strengthening Singapore Market Share
Strengthening Singapore Market Share Operating profit up 3.5%. Loan growth of 3.4%. Captured market share in housing loan portfolio, maintained leadership position in private property segment. Continued to support customers through crisis, strengthened our franchise with SMEs and corporates. Singapo
Slide 4: Sustaining Regional Growth
Sustaining Regional Growth Overseas operating profit up 6.9%, led by regional markets despite cautious approach. Malaysia • Intense price war. Targeted non-interest income to sustain topline with good cost control. • Leading foreign player in retail segment. Continue to push for market leadership an
Slide 5: Sustaining Regional Growth (cont'd)
Sustaining Regional Growth (cont’d) Indonesia • Performed well. Grew operating and pre-tax profit. • To expand further in core businesses and increase fee-based activities. China • Competitive lending activities amid downturn, took measured and prudent approach. Expanded branch network to extend bus
Slide 6: Positioning Regional Platform for Upturn
Positioning Regional Platform for Upturn Re-aligned organisation to achieve scale and synergies regionally. Retail segment: Leverage experience to grow mortgage and credit card business in key countries. Also strengthening wealth management platform. IFS segment: Build regional industry specialisati
Slide 7: Strong Capital Position
Strong Capital Position Proactive re-balancing of portfolio improved RWAs – strong balance sheet management. Shareholders’ equity boosted by improvement in AFS reserves. Well capitalised at core Tier 1, Tier 1 and total CAR of 11.9%, 14% and 19% respectively. Stay disciplined when seizing growth opp
Slide 8: Looking Ahead
Looking Ahead Record operating profit despite cautious stance during crisis. Strengthened balance sheet with strong capital and prudent provisioning. Looking ahead, expect volatile macro environment as de-leveraging continues. Asian markets normalising, well placed for post-crisis recovery. UOB’s re