Good morning, thank you for joining us. We hope everyone is staying safe and healthy. Today, I would like to share four key messages to all of you. First key message, we have achieved strong first half this year, backed by economy recovery, strong customer franchise, diversified growth engines, and resilient portfolio. In the second quarter, we continued to build on our strong business momentum. First-half profit rose 29% year-on-year to SGD 2 billion, with healthy contributions across our core businesses. Loans grew 6%, led by wholesale banking, which had a record quarter. This was driven by rising trade and investment flows and capital market activities, as we provide targeted sector solutions for our clients. Fee income rose 28% on the back of strong wealth management, loan-related, and fund management performance. If I break it down, the wealth management is up 32% year-on-year, loan-related 33% year-on-year, and fund management up 40% year-on-year. This was achieved despite uneven recovery across economies. Our diversified engines of growth have enabled us to deliver these results, especially in markets where local community COVID cases are more contained. Even in countries with strict COVID restrictions, our digital capabilities enable us to continue to serve customers and to acquire new customers. We continue to invest. For example, in the last quarter, we launched new digital retail products, such as SimpleInvest, the response was overwhelmingly well-received. We also onboarding capabilities in Malaysia, more to expect in the coming months. Our solutions for corporates are gaining momentum. We also issue our first digital bond and are working with ecosystem players on various initiatives. We expect growth in ASEAN markets to improve as vaccination rate increases, this will further contribute to our performance. Our portfolio is resilient, balance sheet strong as we continue to support customer through difficult times. Having proactively set aside ample provisions in 2020, our total credit costs almost half. Message two, we continue to support customers through transition out of COVID, as well as acquire new customers looking for support. We remain committed to working with governments across the region to provide liquidity support to affected customers and helping them to digitalize and transform for the future, especially for SMEs, the backbone of our economy. Since COVID started, we supported more than 1 million individuals and 20,000 SME across the region. As the first bank to set up a restructuring task force, we proactively reach out to our customers with customized approaches that can support them through this period. Similar programs are also rolled out in the region. As government assistance program become more targeted, the amount of loans under relief has declined to SGD 17.5 billion or 6% of group loans. Message three, we continue to push forward our sustainability agenda. At UOB, our growth has always been balanced with responsibility to do what is right for our customers and the community. We are making good progress through embedding ESG considerations in our strategies and initiatives. We have extended SGD 13 billion of sustainable financing to our clients and are on track to meet our goal of SGD 15 billion, well ahead of our original target. We see huge opportunities in green trade finance. With more than 1 trillion trade flow through Singapore, of which we estimate more than SGD 90 billion are eligible for green trade finance currently, and continue to serve customers towards responsible investing. Beyond financial targets, we are aiming for impact as a catalyst and enabler. We continue to develop holistic frameworks to support ecosystem players in transitioning towards sustainability. Message four, we confirm a positive outlook for the rest of the year. Overall, we are optimistic on growth prospects as economies pick up pace in recovery as vaccination levels increase. For this year, we continue to expect profit to rebound, driven by high single-digit loan growth, backed by strong pipeline in corporate and institutional loans and mortgages. Double-digit non-interest income growth driven by continued traction in loan, wealth, and recovery in credit card fees. Actually, no change to our previous guidance. Stable cost-to-income ratio. Again, that was guided previously, no change. And credit costs to be lower than 25 basis points is an improvement from previous guidance in first quarter 2021, credit costs to be lower than 30 basis points. With our earnings normalizing, backed by strong capital and liquidity positions, we will be resuming our 50% dividend payout ratio, translating to SGD 0.60 for the first half. With countries speeding up their vaccination drive, we are optimistic that the situation will gradually pick up in Southeast Asia. We remain confident of the region's underlying prospects and ASEAN upside potential. We continue to invest and to innovate for the future, and we stand ready to support our customers with our strong foundation, built over years of discipline and prudence. I want to take this opportunity to thank my colleagues for their teamwork and dedication. Thank you for your support as we forge ahead. I will now hand over to my CFO, Wai Fai, to elaborate on our financials. Thank you. Thank you, Chong, and good morning, everybody, again. I understand most of you will need to rush off for another meeting, so let me keep this briefing as short as I can. The group achieved a strong first half profit of SGD 2 billion, an increase of 29% year-on-year. Business momentum continued into the second quarter, supporting the SGD 1 billion profit that we achieved last quarter. This is 43% higher compared to a year ago, a testament to our customer franchise resiliency and the geographical strength. Quarter-on-quarter, NII was up 3% on steady loans growth as we continue to support our customers' funding needs as the economy improves. Corporate fees performed well with increased trade and investment transactions. On the other hand, wealth and fund management fees moderated towards the end of the second quarter. Overall, asset quality remained healthy as NPL ratio stayed at 1.5%, while total credit cost on loans eased to 20 basis points. With the lifting of the MAS dividend restrictions, we have reverted to a normalized 50% payout ratio. Together with the strong CET1 at 14.2%, proactive provisioning, and stable funding position, we'll continue to support our customers through to better times. With the uneven economic recovery across markets, we have been proactively engaging and supporting customers in their investment or business needs. Retail operating environment was challenging as we continued to reinvent ourselves to engage customers digitally. With this, we managed to grow our wealth fees to record levels. This helps offset the effect of margin compression. Wholesale saw strong growth led by demand for financing advice and funding opportunities from corporate clients, especially in Singapore, Greater China, and the developed markets, as our investments to strengthen connectivity, deepen sectors knowledge, and widen product offering showed good results. Global market operating profit was lower because interest rate were relatively less volatile this year. There were also less opportunities for bond sales. Our wholesale sector performed well. Our sector specialization, strong ASEAN footprint, and improved product capabilities allowed us to capture cross-border flows that are happening. Loans and trade-related fees rose 25% as customers increasingly leveraged our sector-specific insights and solutions. In particular, our Financial Institution Groups registered a 16% income growth in banking, property funds, and financial sponsors, serving them with our strong structuring capabilities. Digital adoption by our corporate customers continue to grow, resulting in increased transactions and customer satisfaction. Similarly, our investments in our digital channels are gaining recognition by the market. Our knowledge of customer needs is evident as our AUM grew to SGD 137 billion, a 7% year-on-year growth. Our mortgage sales per month is very strong at 20% growth year-on-year. This reflects the increased activities in that sector recently. Growth is similarly seen across our key markets in Singapore, North Asia, and ASEAN. Despite the environment, our regional franchise still managed to show a 2% year-on-year growth as we continue to support the real funding needs of our customers through these challenging times. I will skip the next point and let you read at your own leisure. Back to slide eight. On the net interest income, we grew 2% last year, largely due to loans growth of 6%. For the past three consecutive quarters, we managed to maintain a stable NIM, even as interest rates stayed low. Interest rates are likely to stay low in the near term. We'll continue to dynamically manage our balance sheet to keep NIM stable. The first half fees income was at a new high of SGD 1.2 billion. Wealth management fees reached a record level with returning investor confidence on market recovery. Loans related fees were also at a new high, following strong demand for trade and investment transactions from corporate clients. Year-on-year, customer related treasury income rose 9% on the back of improved business sentiment. On the other hand, non-customer trading income decreased year-on-year on exceptional gains on investment last year. Our costs are well under control. While total income grew 5% year-on-year, total expenses were stable at SGD 2.1 billion. The cost to income ratio for the year improved about two percentage points to 43.8%. The overall asset quality of our loan portfolio remain resilient, with NPL ratio stable at 1.5%. The new NPAs were well within management expectations, and we have adequately provided for them. Total credit costs eased to 20 basis points as credit outlook stabilizes. As much, we do not need to increase general allowances beyond the level that is required to support the new loans growth. The group's total allowance were at SGD 5 billion, of which the bulk were in general allowances. With the preemptive general allowances made last year, NPA coverage is high at 110%, or 265% after taking collateral into account. Performing loans coverage stayed above 1%. The path to recovery is uneven across countries, and there are pockets of vulnerable exposures. The strong reserve coverage gives us confidence to continue to support our customer to see through this pandemic. Loans momentum sustained well, increasing by 6% year-on-year. We are on track to deliver the high single-digit loans growth for the year. Deposits are also well managed and increased 5% alongside loans. CASA to total deposit ratio remains stable at 52.7%. Similarly, our liquidity positions is strong, with LCR at 131% and NSFR at 123% that are well above the minimum regulatory environment. CET1 is also strong at 14.2%. With the lifting by MAS on its guide on dividend cap recently, the board declared an interim dividend of SGD 0.60 per ordinary share. We reverted to a 50% payout ratio. Post-dividend, our capital position continues to remain strong. With our strong balance sheet, proactive provisioning, and stable funding position, we remain committed to support our customers through to better times. With that, I conclude my presentation. Thank you. Thank you, Mr. Lee. We'll now move on to the Q&A. Please use the raise hand function if you wish to ask a question. Do state your name and publication before asking your question. First question, can we invite Chris from Euromoney? Hi, good morning, everyone. Thanks for taking my question, and first of all, good health. My question is regarding the easing of credit costs, both in your current numbers and your outlook, and the fact that the NPLs are remaining steady. Obviously good news, but I just find myself looking around the region in the markets where you operate, with Indonesia in just the worst conditions of the COVID crisis to date, Vietnam, which sailed through very nicely originally, now facing some doubts, Malaysia having hard times. I just find myself wondering how both things can be true, that you can have much of the region, and particularly, I would imagine, the SME customer base, in exceptionally difficult times, and yet an easing outlook on credit costs. What is your read on how your customer base, particularly SME customers, have come through this in such solid shape? How have they survived three months of this to the point that you don't need to worry about levels of provisioning or credit costs? Thank you very much. I think it's a combination of reasons. First of all, this is a health crisis. This is not an economic crisis to start off with. Secondly, I think the selection of customer base is equally important. Thirdly, I think, yes, I agree with you. If you look at it on the face of it, we are still in, especially in ASEAN, we are still in the middle of the COVID crisis. Thanks for the respective central banks, the government relief program, and we also step in to help our customer to prolong the repayment. Generally, it's more a working capital facility. It's not so much a gearing. If a company is highly geared, I think they will get into a problem. There is a combination of reasons that also give us a lot of comfort. Because of that, if you remember, during the COVID, we have massive provision. We are thinking like you. We make as much as possible. We just provide as much as possible. We are in a better position today to help our customers. We, in fact, we have a restructuring unit within the bank to help to provide solution to the customer, see how we can defer some of the repayment. More than that, I think if you look at our loan book in the region, they are usually very well collateralized, and the business, they're doing well, and partly because of the COVID situation. We are actually making a big step to help our customers. That, to me, is very important. Hopefully with the vaccination picking up, I see there's limited downside. There are more upside now. I think we can see better solutions globally. This is why I think we are still fairly optimistic the next 6-12 months. Maybe just to complement what Yee-Chung has said, I think it is true that in the region with the increasing COVID cases, there are worries. There are worries whether the SMEs and the smaller SMEs, which we call business banking, will continue to retract down. We have proactively supported this on a more proactive basis in the sense. In our recent disclosure, we actually said that we supported more than 20,000 customers, restructuring them. Our recent statistic shows that actually less than 2% of those actually turned bad. In fact, around 1.5% actually turned bad. Yes, there could be some of more of it happening. Two things. One is, like Yee-Chung said, we continue to restructure those loans. Number two is business banking and SMEs, especially the smaller ones, are smaller in terms of quantum. At the entity level, when you talk about provisioning, the management overlay that at the SGD 3 billion of general provisioning that I have in my balance sheet, we feel very confident that it is more than adequate should there be a short-term or delay in recoveries into the region. That is mostly- When you talk about supporting more than 20,000 customers, is that simply a matter of giving them relief on repayment of existing facilities, or the support in some cases actually mean putting more money out there in terms of helping them through working capital base? We do a combination. Like I said, we actually will look at the actual business of the company. Do they have any possibility of survival? We knew that in the highly stressed in some of those in the restaurants, F&B business, we know some of them will not make it. Those we will restructure and let them turn NPL. All those that we restructure are those that we think are customers that need temporary cash flows, working capital. Those are the ones we restructure, whether we allow interest payment or some of that we defer payment. Very small amount that we actually says that we put in more capital, more funds. The first consideration is that, is that customer going to survive? If it is, we will support. If it's not, we'll find a way to get out gracefully together. You see that our new NPL formations and all, we have been gradually taking it. In fact, those of you that follow us for the last two quarters, my business banking was more badly hit in December, in the last quarter, fourth quarter, and the first quarter in Thailand. We actually proactively already took that hit, those that we think will not survive. Those are in our books, we think that our chance of survivals are high. Thank you very much. Next, can we invite Gula from The Edge? Can I ask, I think three areas. The first, of course, is, have your forbearance loans or restructured loans, have they been stable, or have they increased or decreased? What is the percentage of total loans in terms of those forbearance loans? Are they the same as last quarter, or have they changed? That's one. Is your position the same as the last quarter on your write backs? As you have seen, some of your global peers, can't mention names, global peers have written back SGD billions. Yeah. Some have written back even more than their net profit. Just wondering whether your position has changed, because you said that you don't plan to do any. Because your general allowances, were they just SGD 6 million in the second quarter? Is that sufficient for the loans? You had a loans growth of 6% year-on-year, you said, yeah. Is your management overlay the same as in the first quarter? Those are the questions on the credit cost side. There was a pickup in special SPs, in specific provisions in Q2. Just wondered what that was because of. On the broader business part, can you give us some update on TMRW? How are the metrics tracking, and how is your onboarding? How does it compare with other digital banks? How does your performance compare with other digital banks, in places like Indonesia, where I think there are about 4 or 5 digital-only banks. Those are the main questions. In general, where do you see NIMs and loans going in terms of percentages in general, in the next 6 to 12 months? That means looking out to 2022. I will take the first two questions, and I think Yee-Chong can give you better insight of where our TMRW and digital banks are heading. First is a question on what we call loans under relief, which whether you call it restructured loans and all. It's still 6% that we talk about. It's slightly lower than last quarter level, significantly, roughly the same. In our bottom-up review of this portfolio, we continue to remain confident that our last estimation as to how many of these will survive, those statistics are significantly still similar. That's why we argued that our general provision and the measurement overlay and the GPs that we added were sufficient. Your next question is basically on did I significantly change MO? No, I did not. As a result, we did not write back GP, as compared to some of the global peers like you said. What are the conditions that will make us consider whether we start writing back? I always say that I add GP for a specific purpose. One, was the COVID, number two, was the general economic condition, third, are customer specific. I don't see the first two condition improving to extent that I can write back GP. I think Chris just alluded to that the COVID crisis are still challenging into the region, we see economic recoveries, I think a lot of those are at a lower pace and maybe more towards next year. If I ever write back GPs are for cases that I actually was part of this restructured programs that I actually see. A lot of those are not happening yet. Significantly, in my way, I will not write back GP, unless I see NPLs significantly going up, which means that in technical term, the SPs will go up, because it was a condition that I forecast and I'll write back GPs since then. The other question was very specific on a bit of the SPs or the new NPL formations that were in Q1, Q2. I think a lot of those were very specific to areas across. We see some of those in the building and construction, and we see some of those in the overseas for this quarter. These are fine in between. It's not a case where we see something that's actually happening across the industry itself. It's very industry specific, and probably 60% or 70% of those were already part of our original portfolio that we think will turn back. I'll take your last question on NIM. We are actually forecasting for stable NIM. We do not expect the 10-year rate to go up significantly, although there are views that it will go up. We think that the short end SIBOR will continue to stay low, and that will be the bigger impact to where our NIM is. We are guiding for stable NIM from going forward. Yee-Chong, as for TMRW? As for TMRW, I would like to share with you, generally, we are very encouraged with the progress. In fact, their independent research indicates that we are actually ahead of quite a number of established local peers in Indonesia and in Thailand. The acquisition cost is actually very low from my experience. I think fell by 40%. What we are trying to do is to continue to leverage on our shared regional infrastructure, so that we can, first of all, speak to market as well as the cost of setting up the digital bank. Our priority now is to continue to grow scale through ecosystem partnership. We try to commercialize through growing new product stream, lending, fixed deposit, insurance, leverage on our alternative data to enhance our credit scoring. All these things are geared towards that. As far as customer service is concerned, I think we are quite successful, and we are winning awards. We are actually trying to replicate our success in TMRW to our UOB Mighty as well as Malaysia, see how we can combine together. This is something we are still working on it. We will be announcing our plan soon to see how we can replicate, how we can achieve more scale, to have another channel to serve our different segment of the customer. Gula, I hope I answered your questions. Yes, thanks, Mr. Wee. There's one more question, Wee. You had nothing much from Vietnam this quarter. Was there a reason for that? At one point you were quite positive. I know they're in lockdowns and out of lockdowns, the way we are. If you could just give us some update on the Vietnam branch. Well, Vietnam is a country we continue to be positive. We're going to increase our capital. You need capital to run a bigger scale of your operations. We have just increased our injection of capital to Vietnam. Having said that, I think the country that we are in Indonesia and in Thailand, is a much bigger scale. We thought to take any initiative, we should work on the country that we have the scale first, right? All this digital initiation, like TMRW, we started off Thailand, Indonesia. Ultimately, Singapore, again, is a market that we should continue to focus on, is our home market. We also want to demonstrate that we are able to do it and compete in our own home ground. Vietnam, obviously, is one of the focus country that we will be actively looking at it. Thank you, Gula. Okay, next, can we have Chanya from Bloomberg? Hi, this is Chanyaporn Chanjaroen from Bloomberg. Good morning. Congrats on the numbers. I have three questions. The first one, do you see major corporations NPLs forming over the rest of the year? My second question is about Citi asset sales. Are you still involved in the process, in which countries? The third question is about crypto exchange. The licenses are being given by the MAS. What is UOB's view and stance on this matter? Is it a business that you would be interested in? Thank you. The first question was on NPLs for major corps. Like I said, we expect some of them to turn weak. Like I said, this is within that portfolio that we guided. We are guiding the market that we think that less than SGD 200 billion will turn back for this COVID portfolio, and we are well within that guidance. It's not an exceptionally big portfolio. We do have some changes here and there, but as a portfolio, we are comfortable. That's where, again, like I added, that I look at most of my GPs are against. We don't expect major fluctuation. Most of those, even in the new NPL formations that you see today, as we discussed, I think it's obvious those are really for the major corps that's happening. You'll see pockets of those. Like I said, it's something that we have actually been monitoring, it's not a surprise for us. Citi? For Citibank, yes, I think definitely we are keen to look at it, provided it's within our risk appetite, if the price is right. Yeah. We will be interested. You know we are operating in all those market that we are in, Malaysia, Thailand, Indonesia, and Vietnam. We will be interested to look at it. As far as the digital currency, I think this is something, the activity is still quite slow. Right? We are monitoring. In fact, we have set up a unit to look at some of this. At this point in time, I think we have a lot of initiative to do other things first. Right? This is something we are watching. I just want to make sure that all this innovation, we have to be prudent. We should try to avoid some of these things because they can be quite speculative in nature. Maybe just to add on to what Yee-Chung said, our views of the digital asset space. There are two trends that we think are very obvious. One is, we call it the central bank digital currency. Okay? That, we think, is a momentum that will not go backwards. We are looking at how we can engage and use those and provide for it. The second part is the application of what we call the distributed ledger technology on business. That will fall through, I think the most obvious will be trade. Of course, you could also have other digital assets that's happening. When we did our Tier 2 bonds this year, we actually raised it through that digital ledger kind of technology thing. We are experimenting in that areas where we think has most business implication to banking itself. The currency itself is just one function of it, and that is something that we are also watching, more to make sure that we understand how those currencies can add fundamental value and how, as a basis of exchange, they can get some stability to that. We are actually studying that. We think the biggest impact to banking will be the central bank digital currency, and the application of the distributed ledger techniques on especially cross-border trade. I just want to ask, Mr. Wee, just on my second questions about Citi. You said you are keen to look at, what is the latest progress? Have you seen the data room and are you happy with the assets that you have seen in Thailand, Vietnam and Indonesia? While it's still too early. Yeah I think you should ask Citibank. Yeah. We are still in the process. Yeah I think it's still too early to comment on such. Any other questions? Chris, again, from Euromoney. Do you have clarity on the timetable for the unwinding of government support in the geographies in which you're operational? I know the various moratoria have come off to a degree. Just how much are you clear on when it comes to the timetable of what comes next and how much is still a touch unclear? Chris, we do have, we have been monitoring that. I think most of them are rolling off, probably by the last quarter of this year, even in the region. We have yet to see whether the regulators will either encourage us to extend, quote-unquote, or come up with another proactive measures. That to us is less relevant because we actually do a bottom-up review to make sure that our customers will survive, even whether those measures are in or out. Okay? I think that was the going position, we don't depend on that government measure hoping that they need it to survive. We actually do a bottom-up, we will be restructuring those that we think has hope, like I said earlier. Yes, there are clarity. Most of them are actually coming out by October. I think Hong Kong is the only one by middle or early next year. Like I said, it's something that we're actually watching. Yeah. Thank you. Thank you. Gula, you have one more question? Can I ask a Wai Fai question on the trends for your RWA? You said you're expecting some loan growth. What type of loan growth? Will it be heavy on your RWA? I'm just wondering in terms of your CET1, what are you expecting for the next six to 12 months? I think when you look at the industry itself today, we are growing 2 types of loans. 1 is short-term loans and probably the better rate, which is really the FIG loans that we talk about. All these are less capital intensive. I think the RWA growth will be moderated. We can support a 6%-8% RWA growth for the year, which is in line with the loans growth projection that we have. Thanks. Yeah. Thank you. Okay. Thank you, Gula. If there's no further questions, we'll end the session for today. Thank you for joining us this morning. We wish you a good day ahead. Thank you. Thank you. Bye.