United Overseas Bank (U11) investor relations material

Group overview and financial strength

• Founded in 1935, the group operates in 19 markets with 430 branches, focusing on Southeast Asia and maintaining a strong regional presence.

• Key 1Q26 metrics: gross loans SGD354b, customer deposits SGD427b, loan/deposit ratio 81.9%, CET1 ratio 15.3%, ROE 11.5%, NPL ratio 1.5%.

• Recognized as a leading retail and SME bank in Singapore and Asia-Pacific, with awards for best bank and strong market share in core segments.

• Maintains high credit ratings (Aa1/AA-/AA-) and robust liquidity and funding ratios.

Consistent performance and growth

• Loan book has grown more than tenfold over 20 years, with asset quality well managed despite macroeconomic challenges.

• Customer loans rose 4% YoY to SGD354b, with stable growth across Singapore, ASEAN, and Greater China.

• Business is largely funded by customer deposits, which reached SGD426b, with a diversified mix across savings, current, and fixed deposits.

• Profits have remained resilient through multiple economic cycles, with net profit after tax at SGD4,682m in 2025.

• Sustainable shareholder returns supported by a 50% core payout ratio and a $2b share buyback program.

Core business drivers

• Group Retail saw steady AUM growth (+5% YoY), increased card billings (+7%), and improved CASA mix to 58%, though income declined 4% YoY due to rate and competition pressures.

• Group Wholesale Banking income declined 13% YoY, but transaction banking remained strong, with double-digit CASA and trade loan growth and stable portfolio quality.

• Global Markets achieved record-high income, up 19% YoY, driven by broad-based treasury demand and trading opportunities.