United Overseas Bank Limited · SGX:U11
United Overseas Bank — FY2023 Earnings Presentation
7 slides from United Overseas Bank's earnings presentation, February 2024
Slide 1: Robust performance with diversified business drivers
Robust performance with diversified business drivers CEO remarks Wee Ee Cheong, Deputy Chairman and Chief Executive Officer For the financial year/fourth quarter ended 31 December 2023 Private and Confidential
Slide 2: Robust performance with strong income growth
Robust performance with strong income growth Record core net profit1 Fuelled by diversified Continued to operate from engines position of strength FY23: S$6.1 billion Net interest income Common Equity Tier 1 +26% YoY S$9.7 billion 13.4% +16% YoY Liquidity coverage ratio 4Q23: S$1.5 billion Net fee i
Slide 3: Group Retail Banking: Diversified revenue streams supporting a balanced business
Group Retail Banking: Diversified revenue streams supporting a balanced business Key drivers UOB X Citi UOB TMRW Credit card fees Malaysia and Indonesia: Leverage data, tech +66% YoY Integration completed and human expertise to create personalised experiences Wealth management income* Thailand: +13%
Slide 4: Group Wholesale Banking & Markets: Resilient performance amid challenging environment
Group Wholesale Banking & Markets: Resilient performance amid challenging environment Strengths in connectivity Transaction banking income Strong trading and sustained growth investment income Cross-border income Accounting for more than half FY23 customer-related trading +9% YoY of wholesale bankin
Slide 5: Championing sustainability
Championing sustainability Supporting an orderly and just transition Extended S$44.5 billion in Supporting our clients on Making steady progress on sustainable financing their decarbonisation efforts our net zero commitment 5
Slide 6: Delivering stable and balanced growth
Delivering stable and balanced growth 2024 outlook • Low single-digit loan growth • Double-digit fee growth • Total income to see positive growth • Core cost-to-income ratio at around 41% to 42% on cost discipline One-time costs from Citigroup acquisition to substantially roll off • Credit costs at
Slide 7: Right By You
@ Right By You