United Overseas Bank (U11) Investor presentation summary

Quarterly and annual financial performance

• 4Q25 operating profit reached $1.8 billion, with FY25 net profit at $4.7 billion, reflecting resilient earnings despite pre-emptive provisioning impacting profitability.

• Group Retail saw CASA grow 12% YoY and wealth income rise 14% YoY, while Group Wholesale Banking achieved record investment banking income and trade loans up 26% YoY.

• Global Markets income increased 23% YoY, driven by strong customer treasury flows.

• Net interest margin (NIM) expanded to 1.84% in 4Q25, with FY25 NIM at 1.89%, supported by funding cost management.

• Dividend payout ratio maintained at ~50%, with ongoing share buyback program and strong capital returns commitment.

Balance sheet, asset quality, and capital position

• Performing loans coverage stable at 1%, NPA coverage at 97% (254% including collateral), and NPL ratio at 1.5%.

• Credit costs normalized in 4Q25 after elevated pre-emptive provisioning in prior quarters; FY25 total credit costs at 35bps.

• CET1 ratio healthy at 15.1%, leverage ratio at 6.7%, and loan/deposit ratio at 81.7%.

• CASA/deposit ratio improved to 58.4% by end-2025, supporting liquidity and funding strength.

• Adequate provision coverage for key markets, with stronger coverage for Greater China and US exposures.

Strategic positioning and franchise strength

• Maintains leading positions in retail, SME, and treasury markets, with significant market share in Singapore deposits (21%) and loans (25%).

• Extensive regional footprint with 470 branches in 19 countries, and integrated platform for operational efficiency and risk management.

• Management stability and disciplined execution underpin resilience and sustained performance.

• Recognized with multiple industry awards for retail, SME, and regional banking excellence.