Q1 2021 United Overseas Bank Ltd Trading Update Presentation Transcript

May 06, 2021 / NTS GMT

Release Date Price: €16.2 (+0.31%)

Transcript

Ee Cheong Wee

United Overseas Bank Limited - Deputy Chairman & CEO

Good morning, and thank you for joining us, and we hope everyone is safe and healthy. Now since all of you are reporters, I have 4 message for you today.

Message one. Strong start to 2021, delivering our promise. The bank, we had a strong start to 2021. First quarter net profit surged 46% to SGD 1 billion, supported by recovery in our key franchise markets. Our return on equity recovered to 10.2%. Income growth was broad-based, reaching pre COVID levels at SGD 2.5 billion. Loans

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