United Overseas Bank — Q3 2024 Earnings Presentation

5 slides from United Overseas Bank's earnings presentation, Sep 30, 2024

Slide 1: Record quarterly profit with resilient balance sheet
Record quarterly profit with resilient balance sheet CEO remarks Wee Ee Cheong, Deputy Chairman and Chief Executive Officer For the third quarter ended 30 September 2024 Private and Confidential
Slide 2: Record quarterly profit backed by broad-based growth across Asean
Record quarterly profit backed by broad-based growth across Asean Record net profit Driven by diversified engines Strong balance sheet 3Q24 core net profit1 3Q24 net interest income S$1.6 billion S$2.5 billion Common Equity Tier 1 +11% YoY +1% YoY 15.5% 3Q24 net profit 3Q24 net fee income Liquidity
Slide 3: Strong performance across wholesale and retail revenue drivers
Strong performance across wholesale and retail revenue drivers • Healthy demand across sectors boosted our loan books • ASEAN’s role as a trade hub • Rise of the digital economy • Growth of the green economy • Positive consumer sentiment in ASEAN markets • 9M24 cards and wealth fees continue to grow
Slide 4: Delivering stable and balanced growth
Delivering stable and balanced growth 2025 outlook • High single-digit loan growth • Double-digit fee growth • Higher total income • Cost-to-income ratio at 41% to 42% • Credit costs within 25-30 basis points range • Strong capital position enables capital management initiatives 4
Slide 5: Right By You
@ Right By You