United Overseas Bank Limited · SGX:U11
United Overseas Bank — Q1 2021 Earnings Presentation
6 slides from United Overseas Bank's earnings presentation, Mar 31, 2021
Slide 1: Strong start to 2021
Strong start to 2021 CEO’s Remarks Wee Ee Cheong Deputy Chairman and Chief Executive Officer For the First Quarter Ended 31 March 2021 Private and Confidential. Disclaimer: This material that follows is a presentation of general background information about UOB’s activities current at the date of th
Slide 2: Net profit surged 46% QoQ to S$1 billion
Net profit surged 46% QoQ to S$1 billion Broad-based growth with record fees • Income up 11% QoQ to S$2.5 billion, reaching pre-COVID-19 levels • Record fee income of S$638 million, up 22% QoQ • Loans grew 4% QoQ to S$293 billion • Net interest margin steady at 1.57% • Portfolio remains resilient an
Slide 3: Riding on economic recovery and strong diversified franchise and capabilities
Riding on economic recovery and strong diversified franchise and capabilities Sentiment and business • Record Wholesale Banking income, with robust activities picking up and trade credit demand by large corporate and institutional flows resuming between clients across key markets ASEAN and Greater C
Slide 4: Sustainable financing and sustainability bonds
S$12b US$1.5b Total sustainable financing1 Issued Singapore’s first approved to date as at end sustainability bond and global first 1Q21 dual-tranche sustainability bond S$2.2b Total AUM in ESG-focused investments as at end 1Q21 1 Comprising green loans, sustainability-linked loans and loans for gre
Slide 5: Right on course for strong, sustainable growth
Right on course for strong, sustainable growth • High single-digit growth in loans • Stable margins • Double-digit growth in non-interest income • Stable cost-income ratio • Lower credit costs of below 30 basis points on the back of our resilient portfolio
Slide 6: Right By You
RX TT# RIGHT BY YOU