United Overseas Bank Limited · SGX:U11
United Overseas Bank — Q1 2022 Earnings Presentation
7 slides from United Overseas Bank's earnings presentation, Mar 31, 2022
Slide 1: Customer franchise and asset quality remain resilient
Customer franchise and asset quality remain resilient CEO’s Remarks Wee Ee Cheong Deputy Chairman and Chief Executive Officer For the First Quarter Ended 31 March 2022 Private and Confidential. Disclaimer: This material that follows is a presentation of general background information about UOB’s act
Slide 2: 1Q22 net profit of $906 million
1Q22 net profit of $906 million Customer franchise held up well amid a volatile market; Resilient portfolio with stable asset quality • Net interest income higher: o Margin improvement o Healthy loan growth • Overall fees were largely flat: o Loan-related fees hit a new high o Credit cards fees are
Slide 3: Group Wholesale Banking - Diversified growth engines powering performance
Group Wholesale Banking - Diversified growth engines powering performance • Sustained growth in loans and fees +3%1 +14%1 Loans Loan-related fees • Healthy cross-border income on the back of green shoots of growth in ASEAN +11%2 Cross-border income Contributing 31% to Group Wholesale Banking income
Slide 4: Group Retail – Making steady progress
Group Retail – Making steady progress Acquiring customers digitally and serving them through our omni-channel approach Becoming one of the largest retail banks in the region UOB x Citi Digitally-engaged1 Wealth advisory Indonesia, Malaysia, Continued growth and increased Providing personalised advis
Slide 5: Delivering sustainability for our customers and communities
Delivering sustainability for our customers and communities Reached S$18 billion1 >236,000 tCO2-e Total sustainable financing portfolio2 Contribution to annual avoided greenhouse gas emissions Create positive Grew to S$13 billion3 Notable deals impact Total AUM in ESG-focused • HDB’s inaugural S$1 b
Slide 6: Confident of ASEAN’s long-term potential
Confident of ASEAN’s long-term potential 2022 outlook • Mid to high single-digit loan growth • High single-digit fee growth • Stable cost-to-income ratio • Credit costs manageable at 20 to 25 basis points
Slide 7: RIGHT BY YOU
RK FH RIGHT BY YOU