United Overseas Bank Limited · SGX:U11
United Overseas Bank — FY2017 Earnings Presentation
9 slides from United Overseas Bank's earnings presentation, Feb 14, 2018
Slide 1: Full Year 2017 Results: Healthy Growth Momentum and Strong Balance Sheet
Full Year 2017 Results Healthy Growth Momentum and Strong Balance Sheet Wee Ee Cheong Deputy Chairman and Chief Executive Officer 14 February 2018 Discla imer: Th is mater ial that follo ws is a prese ntat io n of genera l ba ckgrou nd informat ion ab out the Ba nk’s act ivities current at the date
Slide 2: Record Earnings Driven by Core Businesses' Stronger Performance
Record Earnings Driven by Core Businesses’ Stronger Performance FY17 profit: $3.4bn, 59% YoY – Both net interest income and fee income reach new highs Net interest income 511% to $5.5bn, backed by growth in both loans and NIM – Loans: 55% YoY, driven by broad-based increases across most markets
Slide 3: Disciplined Balance Sheet Management
Disciplined Balance Sheet Management Portfolio quality broadly stable Optimising RWA to drive higher RoRWA1 – Uptick in NPL ratio to 1.8%; RoRWA accelerated recognition of residual vulnerable exposures in oil & gas and 1.74% 1.63% 1.51% related sectors as NPL in 4Q17 – 28bps total credit costs low
Slide 4: Wholesale Banking: Diversifying Income Mix to Grow RoRWA
Wholesale Banking: Diversifying Income Mix to Grow RoRWA Income from Non-Loan: +7% CAGR1 Income from Transaction Banking: +9% CAGR1 % Non- % TB loan 47% 49% 52% income 32% 33% 36% income 1,822 1,811 1,707 2,365 2,263 2,334 S$m 1,611 1,729 1,855 S$m 470 449 501 629 726 798 FY15 FY16 FY17 FY15 FY16 FY
Slide 5: Focus on Sectors with Highest Trade and Connectivity Flows
Focus on Sectors with Highest Trade and Connectivity Flows One of 1st sectors launched: Financial Institution segment showing good progress Strong Income Diversified Building Regional Growth Product Mix Connectivity CAGR1 +29% 48% 40% 57% 52% 60% FY15 FY16 FY17 roup G FIG2 FY17 Income fro
Slide 6: Retail Banking: Growth Momentum Gaining Traction
Retail Banking: Growth Momentum Gaining Traction Gross Loans (Group Retail1): +7% CAGR2 Income (Group Retail1) +9% CAGR2 S$bn S$m 104 98 3,988 3,647 91 3,359 FY15 FY16 FY17 FY15 FY16 FY17 WM3 Income: +14% CAGR2 Segment RoRWA4 -0.01% pt YoY AUM S$85bn S$93bn S$104bn +35% 513 334 +14% 381 6.37% 6.47%
Slide 7: Harnessing Technology & Innovation to Improve Productivity & Customer Experience
Harnessing Technology & Innovation to Improve Productivity & Customer Experience UOB MIGHTY CONTACTLESS MIGHTY SECURE MIGHTY FX debuts PAYMENT for use on mobile Trade, Transact at general ticketing phone as security token and Travel at your machines FIRST IN SINGAPORE preferred FX rate. Nov ’15 ‘16
Slide 8: Looking Ahead
Looking Ahead Positive outlook for global economy for next couple of years; Asia to benefit from recovery Normalising monetary policies; gradually rising short-term interest rates will benefit commercial banks like UOB UOB is well positioned to tap on growth opportunities across franchise: – R
Slide 9: Thank You
Thank You tt UOB RIGHT BY YOU