United Overseas Bank (U11) investor relations material

Business overview and strategy

• Founded in 1935, operates in 19 markets with 430 branches, focusing on Southeast Asia and a strong domestic presence in Singapore.

• Holds leading positions in retail, SME, and treasury banking, with significant market share in deposits (20%) and loans (24%) in Singapore.

• Management stability and disciplined execution have driven consistent growth, including successful acquisitions and integration of Citi's consumer banking businesses in four ASEAN markets.

• Integrated regional platform enables operational efficiency, risk management, and seamless customer service across ASEAN and Greater China.

• Maintains strong credit ratings (Aa1/AA-/AA-) and a robust capital position.

Financial performance and fundamentals

• 1Q26 net profit reached $1.4 billion, supported by diversified income streams and resilient franchise.

• Group Retail saw YoY growth in CASA (+10%), wealth income (+6%), and card billings (+7%).

• Group Wholesale Banking delivered double-digit growth in trade loans (+19%), CASA (+10%), and customer treasury income (+11%).

• Global Markets achieved record-high income, driven by treasury demand and trading opportunities.

• NPL ratio stable at 1.5%, with provision buffers and NPA coverage at 100% (272% including collateral).

Balance sheet, capital, and risk management

• Gross loans grew 4% YoY to SGD354b, with a diversified portfolio across Singapore, ASEAN, and Greater China.

• Maintains a strong CET1 ratio of 15.3% and leverage ratio of 7.0%.

• Loan/deposit ratio at 81.9%, NSFR at 115%, and all-currency LCR at 144%.

• Credit costs within guidance at 26bps, with stable asset quality and adequate provision coverage.

• Singapore mortgages remain low-risk due to prudent regulation, high savings, and low price-to-income ratios.