About Us
About UOB
Our Corporate Milestones
Our Purpose and Strategic Priorities
Board of Directors
Remembering Dr Wee Cho Yaw, Chairman Emeritus and Honorary Adviser
Group Management Committee:
Management Executive Committee
Management Executive Committee
Group Management Committee:
Management Committee
Management Committee
Balancing Growth with Stability
for the Long Term
for the Long Term
Chairman’s Statement
Deputy Chairman and
CEO’s Report
CEO’s Report
Financial Highlights
Investor Highlights
Sustainability Highlights
Award Highlights
Building and Deepening Long-term Relationships
Catalysing Business Growth in ASEAN and Beyond
Personalising the Experience for Every Customer
Enabling our People to Build Long-term Careers through Achieving Purpose and Balance
Financial Report
Full Financial Report
Our Purpose and Strategic Priorities
Building the future of ASEAN — for the people and businesses within, and connecting with, ASEAN.
Guided by our values and supported by our fundamental strengths, we focus on supporting our customers as we drive performance across our franchise.
Our approach to supporting our customers is based on a long-term mindset to stay prudent and disciplined in balancing growth with responsibility.
Guided by our values and supported by our fundamental strengths, we focus on supporting our customers as we drive performance across our franchise.
Our approach to supporting our customers is based on a long-term mindset to stay prudent and disciplined in balancing growth with responsibility.
Learn more
Our Strategic Focus
Create financial solutions that are personalised to individuals and businesses to help them achieve their personal and business financial goals through our omni-channel approach.
Help customers grow sustainably and integrate sustainability into our business and operations to drive responsible growth for positive and meaningful impact to the economy, society and environment.
Connect our customers across ASEAN, with Greater China and the rest of the world, through our sector specialisation, ecosystem partnerships and integrated digital platform, using a One Bank approach.
Build employee pride through fostering a culture of care, growth and trust, as we attract and grow our own timber.
Our Fundamental Strengths
Robust governance and risk management; strong capital and funding base
Established and integrated network
Diverse pool of talent and expertise
Asian heritage and Southeast Asian roots
Our Values
Honourable
Enterprising
United
Committed
UOB Plaza 1 Kuala Lumpur
Our Purpose and Strategic Priorities
Building the future of ASEAN — for the people and businesses within, and connecting with, ASEAN.
Guided by our values and supported by our fundamental strengths, we focus on supporting our customers as we drive performance across our franchise.
Our approach to supporting our customers is based on a long-term mindset to stay prudent and disciplined in balancing growth with responsibility.
Guided by our values and supported by our fundamental strengths, we focus on supporting our customers as we drive performance across our franchise.
Our approach to supporting our customers is based on a long-term mindset to stay prudent and disciplined in balancing growth with responsibility.
Learn more
UOB Plaza 1 Kuala Lumpur
Our Strategic Focus
Create financial solutions that are personalised to individuals and businesses to help them achieve their personal and business financial goals through our omni-channel approach.
Help customers grow sustainably and integrate sustainability into our business and operations to drive responsible growth for positive and meaningful impact to the economy, society and environment.
Connect our customers across ASEAN, with Greater China and the rest of the world, through our sector specialisation, ecosystem partnerships and integrated digital platform, using a One Bank approach.
Build employee pride through fostering a culture of care, growth and trust, as we attract and grow our own timber.
Our Fundamental Strengths
Robust governance and risk management; strong capital and funding base
Established and integrated network
Diverse pool of talent and expertise
Asian heritage and Southeast Asian roots
Our Values
Honourable
Enterprising
United
Committed
About UOB
UOB is a leading bank in Asia. Operating through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, we have a global network of around 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America.
Since our incorporation in 1935, we have grown organically and through a series of strategic acquisitions. Today, we are rated among the world’s top banks: Aa1 by Moody’s Investors Service and AA- by both S&P Global Ratings and Fitch Ratings.
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Rated Among the World’s Top Banks
Aa1
by Moody’s Investors Service
AA-
by S&P Global Ratings
and Fitch Ratings
and Fitch Ratings
Deputy Chairman
and CEO’s Report
“UOB operates from a position of strength in ASEAN. It is an exciting region with much potential to grow... In 2023, we devised a three-year plan that will help us reach our goal to become the most preferred bank in Southeast Asia."
Learn more
Wee Ee Cheong
Deputy Chairman and Chief Executive Officer
Deputy Chairman and Chief Executive Officer
February 2024
Balancing Growth with Stability for the Long Term
Chairman’s Statement
Deputy Chairman and CEO’s Report
Financial Highlights
Investor Highlights
Sustainability Highlights
Award Highlights
Building and Deepening
Long-term Relationships
Catalysing Business Growth in ASEAN and Beyond
Personalising the Experience for Every Customer
Enabling our People to Build Long-term Careers through Achieving Purpose and Balance
Building the Future
of ASEAN
For the people and businesses within, and connecting with, ASEAN.
Our Purpose statement above underscores UOB’s brand promise to do right by our stakeholders, including customers, colleagues and the community. It reflects our long-term strategy, signalling the Bank’s intent to intensify investment in the region to help realise the potential of the people and businesses in ASEAN. It also reinforces UOB’s commitment to facilitate economic flows within and with ASEAN to support businesses across generations.
2023 UOB Financial Highlights
Core Net Profit1
$
6.1
billion
+26%
Core Operating Profit1
$
8.2
billion
+24%
Gross Customer Loans
$
321
billion
+0.5%
Customer Deposits
$
385
billion
+5%
Total Assets
$
524
billion
+4%
Non-Performing Loan Ratio
$
1.5
%
-0.1%
Net Stable Funding Ratio
120
%
+4 pt
Common Equity Tier 1 Ratio
13.4
%
+0.1%
1
Excluding one-off expenses
~500
branches and offices in Asia Pacific,
Europe and North America.
Europe and North America.
Asia
Brunei
2
Hong Kong
2
India
2
Indonesia
133
Japan
2
Mainland China
20
Malaysia
58
Myanmar
2
Philippines
1
Singapore
65
South Korea
1
Taiwan
2
Thailand
194
Vietnam
7
Australia
2
Canada
3
France
1
United Kingdom
1
USA
3
Where We Operate
Where We Operate
~500
branches and offices in Asia Pacific, Europe and North America.
Asia
Brunei
2
Hong Kong
2
India
2
Indonesia
133
Japan
2
Mainland China
20
Malaysia
58
Myanmar
2
Philippines
1
Singapore
65
South Korea
1
Taiwan
2
Thailand
194
Vietnam
7
Australia
2
Canada
3
France
1
United Kingdom
1
USA
3
Financial Highlights
Net Profit After Tax and Return on Equity
Net Interest Income and Margin
Net Fee Commission Income
Trading and Investment Income
Operating Expenses1
Impairment Charge on Loans
Net Profit After Tax and Return on Equity
Net Interest Income and Margin
Net Fee Commission Income
Trading and Investment Income
Operating Expenses1
Impairment Charge on Loans
