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|| UOB Third Quarter 2021 Performance Highlights 3 November2021 UOB's 3Q21 net profit increases 4 % QoQ Sustainable loan growth and stable asset quality despite macro uncertainties UOB Group ( Group ) has posted commendable financial results for the third quarter ( 3Q21 ) , with net profit up 4 % quarter on quarter ( QoQ ) to S $ 1.05 billion , despite slower economic recovery in Southeast Asia . This was achieved on the back of healthy loan growth and sustained fee income , as well as lower credit allowance . The Group's 3Q21 performance was powered by its diversified growth engines of connectivity , digital and sustainability capabilities . Cross - border revenue remained stable while loan - related , wealth and fund management as well as credit card fees saw strong growth . Credit costs in 3Q21 were flat at 20 basis points on a quarterly basis , reflecting the Group's resilient , well - secured portfolio and asset quality . The Group's balance sheet stayed robust with ample liquidity and strong Common Equity Tier 1 ( CETI ) ratio at 13.5 % . 3Q21 key financial indicators Operating profit S $ 1.38b + 2 % QoQ + 10 % YOY Cost / Income ratio 43.7 % No change QoQ -0.9 % pt YoY NPL ratio 1.5 % No change QoQ No change YoY NSFR ratio 125 % + 2 % pt QoQ + 3 % pt YoY Net profit after tax S $ 1.05b + 4 % QoQ + 57 % YoY Credit costs 20bps No change QoQ -48bps YoY Customer loans S $ 306b + 3 % QoQ + 9 % YOY CET 1 ratio 13.5 % -0.7 % pt QoQ -0.5 % pt YoY Mr. Wee Ee Cheong , Deputy Chairman and Chief Executive Officer , UOB Building upon our 2021 growth momentum " UOB has built upon the strong growth momentum of 2021 to record higher 3Q net profit . This was amid a challenging macro backdrop with disruptions in global supply chains , China's slowing economy and resurgent COVID - 19 infections across the region . Through such times , we continue to stand steadfastly in support of our customers , including small- and medium - sized enterprises ( SMEs ) , and we are honoured to be named the World's Best Bank for SMEs by Euromoney and Global Finance . Amid near - term uncertainties , the gradual reopening of borders bodes well for business flows and we remain positive of strong activities along the Greater China - ASEAN trade corridors . Our strong fundamentals enable us to continue investing to deepen our capabilities in connectivity , digital innovation and sustainability – areas that are set to drive Asia's growth for the decades to come . - We are pioneering progressive solutions in areas such as decentralised finance and digital assets , as well as through our unified digital platform , UOB TMRW . These initiatives enable us to provide our customers with digital solutions for greater efficiency and an enhanced experience . We also lead the region in creating solutions to help individuals and businesses adopt sustainability as their way of life – from reducing energy consumption to investing with greater purpose . We believe that this is our role as a responsible financial steward , as well as a catalyst and enabler in forging a sustainable future . " - 銀 大 行 華