United Overseas Bank (U11) investor relations material

Franchise and growth priorities

• Retail franchise serves >8m customers, with >$5b income, ~$200b AUM and >$60b consumer spend; card billings grew at a 26% CAGR through 9M26.

• Wealth income target: double by 2030 from $1.28b in 2025; 9M26 wealth income rose 13% YoY, with invested AUM up 9% YoY.

• Wholesale trade loans grew 31% YoY, alongside 9% growth in loans and CASA; transaction banking remained a key income driver.

• Supported >5,500 companies and facilitated >$55b of investment into ASEAN and Greater China, supporting >300,000 job opportunities.

• Priorities include deepening ASEAN connectivity, growing fee-generating and capital-light activities, optimizing costs and reducing legacy real estate exposures.

Financial performance

• 9M26 net profit was $4.165b, up 27% YoY; 3Q26 net profit was $1.25b, down 15% QoQ following prior-quarter divestment gains.

• 9M26 total income declined 1% YoY to $10.398b and operating profit fell 4% to $5.676b; allowances declined 65% to $672m.

• 9M26 NIM was 1.75%, down 16 bps YoY; 3Q26 NIM fell 6 bps QoQ to 1.68%, while NII was broadly stable QoQ at $2.278b.

• 9M26 net fee income rose 5% YoY to $2.035b; customer loans reached $372b, up 6% YoY and 3% QoQ.

• CET1 was 14.6% after dividend payout; the $2b share buyback programme was 42% complete at Sep 2026, with dividend payout ratio maintained at ~50%.

Asset quality and guidance

• NPL ratio eased to 1.5% in 3Q26 amid proactive portfolio monitoring.

• Credit costs were 24 bps in 3Q26 and 26 bps YTD26; 2027 total credit-cost guidance is 25–30 bps.

• Performing-loan coverage held at 0.9%; unsecured NPA coverage was 269% after collateral, above prior-year levels.

• 2027 NII guidance is above 2026, supported by balance-sheet growth.