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ASEAN franchise gaining momentum UOB CEO remarks Wee Ee Cheong , Deputy Chairman and Chief Executive Officer For the first half ended 30 June 2026 Private and Confidential
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2 Wholesale Banking: Capturing growth through regional connectivity Group Wholesale Banking ASEAN-4 income contribution ~27% 1H26 Trade loans +33% YoY 1H26 Wholesale banking CASA +9% YoY Transaction banking’s contribution to wholesale banking income ~50% FDI Advisory Unit >300 cross-border deals in last 6 months ~$5.6 billion in projected investments
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3 Retail Banking: Building momentum through ASEAN scale 1H26 ASEAN-4 Wealth income +30% YoY Group Retail ASEAN-4 income contribution ~35% 1H26 Card income +13% YoY 1H26 Wealth income +16% YoY
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4 Growth priorities: Deepening customer relationships and capturing regional flows • Unlock full value of retail franchise of more than 8 million customers • Accelerate wealth growth by investing in capabilities and expanding North Asia presence • Capture ASEAN trade and investment flows through transaction banking platform, sector expertise and regional network • Reposition Hong Kong franchise for more diversified and asset-light growth • Continued investment in core franchise to drive long-term shareholder value
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Private and Confidential Leong Yung Chee Group Chief Financial Officer UOB Group Financial Updates For the First Half / Second Quarter Ended 30 June 2026 Private and Confidential. Disclaimer: This material that follows is a presentation of general background information about UOB’s activities current at the date of the presentation. It is information given in summary form and does not purport to be complete. It is not to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. This material should be considered with professional advice when deciding if an investment is appropriate. UOB accepts no liability whatsoever with respect to the se of this document or its content.
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2 Accelerating and advancing our wealth ambitions ▪ Expands UOB's investment solutions and open-architecture offerings ▪ Reinforces UOB’s advisory-led approach Drives sustainable earnings growth and enhances long-term shareholder value ▪ Purchase consideration of $555 million ▪ Pre-tax gain of ~$330 million ▪ ~14 basis points increase to Group CET1 ratio Strategic partnership with Allianz Global Investors Strengthens wealth management franchise Strategic divestment
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3 Net profit after tax $1.5b Key Highlights + 3% QoQ + 10% YoY Net Fee Income $665m + 4% QoQ + 5% YoY CET 1 ratio 15.4% + 0.1%pt QoQ + 0.1%pt YoY Net Interest Margin 1.74% - 0.08%pt QoQ - 0.17%pt YoY NPL ratio 1.6% + 0.1%pt QoQ unchanged YoY Trading & Investment Income $379m - 6% QoQ - 8% YoY • Second quarter 2026 net profit at $1.5 billion, 3% higher QoQ and 10% higher YoY. • Net interest income eased marginally, as net interest margin declined eight basis points from last quarter to 1.74% due to asset yield compression amid lower benchmark rates. • Net fee income rose to $665 million, underpinned by record wealth fees, offset by softer loan-related fees from capital markets activities. • Trading and investment income moderated to $379 million, reflecting lower trading and liquidity management activities, while customer-related treasury income remained resilient on the back of healthy demand for hedging solutions. • NPL ratio stood at 1.6%, with NPA coverage at 88% or 306% after taking collateral into account. • Capital and funding positions remained strong post dividend payout, underpinning balance sheet resilience.
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4 1H26 1H25 YoY 2Q26 1Q26 QoQ 2Q25 YoY $m $m +/(-)% $m $m +/(-)% $m +/(-)% Net interest income 4,621 4,745 (3) 2,297 2,324 (1) 2,336 (2) Net fee income 1,302 1,330 (2) 665 637 4 636 5 Other non-interest income 1,094 1,047 4 632 462 37 493 28 Total income 7,017 7,121 (1) 3,595 3,422 5 3,465 4 Less: Total expenses 3,152 3,095 2 1,629 1,523 7 1,535 6 Operating profit 3,865 4,027 (4) 1,965 1,899 3 1,929 2 Less: Amortisation of intangible assets 14 16 (13) 7 7 (2) 9 (23) Less: Allowance for credit and other losses 414 569 (27) 211 203 4 279 (24) Add: Associates & joint ventures 59 19 >100 36 23 59 (3) >100 Net profit before tax 3,495 3,460 1 1,784 1,712 4 1,638 9 Less: Tax & non-controlling interests 580 632 (8) 306 274 12 301 2 Net profit 2,915 2,828 3 1,478 1,437 3 1,338 10 1H26 net profit at $2.9 billion Resilient performance amid macroeconomic headwinds
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5 1. Includes Others 2. Refers to Privilege Banking and Private Bank 3. Comparative segment information for prior periods has been adjusted for changes in organisational structure and accounting disclosure, if any 76 81 83 82 87 115 118 117 116 118 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Deposits Invested 190 199 201 198 204 +7% 15 15 16 15 15 2Q25 3Q25 4Q25 1Q26 2Q26 +5% 1H26 1H25 YoY % Cost / Income ratio 53.9% 52.4% 1.5 pt Total credit costs 28 bps 24 bps 4 bps RoRWA 5.0% 5.0% - Gross Customer Loans ($b) 120 115 4 Customer Deposits ($b) 207 203 2 of which CASA ($b) 120 116 4 Highlights • PBT edged lower on modest pickup in expenses and credit costs, while RoRWA held up compared with the prior year • Stable income reflects diversified retail franchise, with growth in wealth, billings and deposits partly offsetting margin pressures • Double-digit increase in wealth income backed by AUM expansion across the region, with net new money totalling $4b for 1H26. In addition, conversion to investments has risen, with invested AUM mix up to 42% from 40% a year ago • CASA growth was broad-based across key markets, resulting in an improvement in CASA mix to 58% from 57% 1H26 1H25 YoY $m $m % Income 2,574 2,583 (0) Lending, Deposits1 1,388 1,551 (10) Wealth 717 616 16 Credit Cards 469 416 13 Expenses 1,388 1,353 3 Operating Profit 1,186 1,230 (4) Allowance for credit and other losses 168 126 33 Profit before Tax 1,003 1,089 (8) Group Retail Selected income statement data Key metrics AUM2 ($b) Card billings ($b)
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6 Group Wholesale Banking Selected income statement data Key metrics Total Gross Loans2 ($b) Total Deposits2 ($b) 37 44 45 46 50 203 205 206 207 209 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Non-Trade Trade 240 249 251 253 258 +8% 116 121 134 126 126 86 90 86 93 101 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 FD & Others CASA 202 211 220 219 227 +13% 1. Includes Others 2. Includes Banks and Non-Banks 3. Comparative segment information for prior periods has been adjusted for changes in organisational structure and accounting disclosure, if any 1H26 1H25 YoY $m $m % Income 2,913 3,254 (10) Transaction Banking 1,358 1,596 (15) Loans1 1,037 1,092 (5) Investment Banking 202 254 (21) Customer Treasury 317 311 2 Expenses 822 874 (6) Operating Profit 2,090 2,379 (12) Allowance for credit and other losses 207 167 24 Profit before Tax 1,878 2,192 (14) 1H26 1H25 YoY % Cost / Income ratio 28.2% 26.9% 1.3 pt Total credit costs 24 bps 16 bps 7 bps RoRWA 1.6% 1.8% (0.2) pt Total Gross Loans2 ($b) 258 240 8 Total Deposits2 ($b) 227 202 13 Highlights • PBT was lower, stemming from the impact of lower interest rates and keen competition for quality assets, while credit costs rose from a lower base • Transaction Banking remained a key earnings contributor, contributing close to half of GWB income, powered by strong balance growth in CASA and trade • Investment Banking supported by healthy deal flows, as the year-on-year decline in fees reflected an exceptional showing last year • Steadfast income mix from non-real estate sectors at 72%, while cross-border income contribution remained stable at 28%
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7 Global Markets Year-on-year growth supported by lower cost of funds and sustained momentum in customer flows and trading activities Total income ($m) 551 584 530 658 1H25 1H26 1,081 1,242 +15% 279 303 260 294 290 247 319 214 364 293 2Q25 3Q25 4Q25 1Q26 2Q26 526 623 474 658 584 -11% Treasury Customer1 1. Reflects income from treasury products offered to Group Retail and Group Wholesale Banking segments 2. Total Assets excluding derivative-related assets 3. Comparative segment information for prior periods has been adjusted for changes in organisational structure and accounting disclosure, if any Treasury Non-Customer Total Assets2 ($b) 143 171 +19% 143 154 164 162 171
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8 2.33 2.11 1.16 1.14 1.96 1.78 3,845 3,640 900 981 1H25 1H26 4,745 4,621 -3% 1,886 1,809 1,882 1,845 1,794 450 456 464 479 503 2Q25 3Q25 4Q25 1Q26 2Q26 2,336 2,265 2,346 2,324 2,297 -1% 2.27 2.12 2.17 2.16 2.05 1.16 1.16 1.14 1.14 1.14 1.91 1.82 1.84 1.82 1.74 NII from Loans ($m) NII from Interbank & Securities ($m) Interbank & Securities Margin (%) Loan Margin (%) Net Interest Margin (%) 489 522Average Interest Bearing Assets ($b) 490 494 506 517 528 Net interest income declined on loan margin compression, cushioned by asset growth
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9 1Q26 -0.05 Asset repricing -0.01 Funding cost -0.02 Volume/Mix 2Q26 1.82 1.74 SGD -0.04 USD -0.02 2.40Loan Margin (%) Interbank & Securities Margin (%) 2.16 1.14 2.05 1.14 Net Interest Margin (%) | 3M SORA average -0.07 | 3M SOFR average -0.15 Note: Included in Volume/Mix is the impact of balance sheet mix changes, including the deployment of surplus funds into HQLA and interbank assets. Figures may not sum to stated totals because of rounding. Net interest margin declined on lower asset repricing and surplus funds deployment
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10 Loan / Trade Related ($m) Credit Card ($m) Wealth ($m) Others ($m) 586 502 401 462 565 572 172 193 1H25 1H26 1,724 1,730 0% 274 282 223 256 246 188 218 203 219 243 284 296 321 284 288 82 96 100 98 95 2Q25 3Q25 4Q25 1Q26 2Q26 829 892 847 857 873 +2% Note: Above fees are gross of expenses, unless stated otherwise Record wealth fees underpinned 2Q26 performance, while loan related fees softened
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11 880 818 771 890 947 259 290 333 280 295 397 426 424 353 388 44.3 45.2 46.4 44.5 45.3 2Q25 3Q25 4Q25 1Q26 2Q26 1,535 1,535 1,528 1,523 1,629 +7% 1,825 1,837 512 575 758 741 43.5 44.9 1H25 1H26 3,095 3,152 +2% Staff costs ($m) IT-related expenses ($m) Other expenses1 ($m) Cost-to-income Ratio (%) 1. Includes revenue-related, occupancy-related and other expenses Disciplined cost growth alongside investments in talent, technology and strategic priorities
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12 1.6 1.6 1.5 1.5 1.6 879 883 890 832 776 2,441 2,503 2,313 2,253 2,202 1,330 1,509 1,498 1,730 2,335 736 914 739 461 437 2Q25 3Q25 4Q25 1Q26 2Q26 Singapore ASEAN-4 Greater China Rest of the world 5,386 5,809 5,440 5,276 5,750 NPL ratio (%) Note: NPAs are classified based on where credit risks reside, represented by country of incorporation/operation for non-individuals and residence for individuals Non-Performing Assets Non-individuals New NPAs ($m) 472 838 599 341 902 (430) (461) (957) (461) (432)Upgrades, recoveries and write-offs ($m) ($m) NPL ratio at 1.6% with new NPA formation reflecting the downgrade of one closely monitored real estate account
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13 Total credit costs (bps) 32 55 26 29 39 32 134 19 26 28 273 479 231 249 344 687 (97) 1 2Q25 3Q25 (59) 4Q25 (18) 1Q26 2Q26 274 1,166 172 231 247 26 3434 27 Specific allowance on loans ($m) General allowance on loans ($m) Specific credit costs (bps) 429 592 134 1H25 1H26 563 477 (115) 2Q26 total credit costs within expectation
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14 0.8 1.0 1.0 1.0 0.9 1,610 1,744 1,332 1,366 1,320 2,776 3,664 3,557 3,506 3,357 379 Jun-25 379 Sep-25 379 Dec-25 379 Mar-26 379 Jun-26 4,765 5,787 5,268 5,251 5,056 1. Includes RLAR (Regulatory loss allowance reserve) as part of total allowance 30 30 24 26 23 RLAR ($m) Specific allowance ($m) General allowance ($m) General allowance on loans include RLAR/Performing loans (%) Specific allowance/NPA (%) NPA coverage (%) 1 88 100 97 100 88 Unsecured NPA coverage (%) 1 209 240 254 272 306 Provision coverage remained adequate with higher unsecured NPA coverage
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15 33% 67% GR GWB & Others Note: Loans are classified based on where credit risks reside, represented by country of incorporation/operation for non- individuals and residence for individuals. 170 175 177 176 180 74 75 77 77 78 48 48 45 49 4951 53 53 52 55 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 343 351 352 354 361 Singapore ASEAN-4 Greater China Rest of the world +5% 33% GR 67% GWB & Others $361b Jun-26 $343b Jun-25 5% 25% 9% 12%11% 8% 24% 6% Transport, storage and communication Building and construction Manufacturing FIs, investment and holding companies General commerce Professionals and private individuals Housing loans Others $361b Jun-26 By Geography By Segment +2% By Industry ($b) Customer loans up 5% YoY and 2% QoQ
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16 141 143 147 144 159 118 116 116 115 83.7 82.5 81.7 81.9 81.7 114 CASA ($b) FD & others ($b) All-currency LCR (%) Net Stable Fund Ratio (NSFR) (%) Loan/Deposit Ratio (LDR) (%) 229 239 249 243 243 176 180 177 183 194 60 67 76 75 79 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 465 487 502 501 516 Wholesale Funding ($b) 1 1. Comprising debt issuances, perpetual capital securities and interbank liabilities Healthy liquidity and funding positions supported by deposit growth 56.5 57.0 58.4 57.0 55.6CASA/Deposit Ratio (%)
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17 266 273 276 278 279 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 CET1 ratio (%) CET1 ratio (%) – Fully Loaded Leverage ratio (%) 7.1 6.6 6.7 7.0 6.8 RWA ($b) 15.3 14.6 15.1 15.3 15.4 15.1 14.5 14.9 15.2 15.0 Robust capital position with CET1 ratio at 15.4% post dividend payout
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18 50 50 50 50 57 58 85 88 85 88 85 92 71 25 25 2023 2024 2025 1H26 170 205 181 Interim Final Payout ratio1 (%) Dividend per ordinary share (¢) Share Buyback2 Shares repurchased Returning $2 billion surplus capital to shareholders $794m Number of shares 22.3m Programme Utilisation 40% 1. Payout ratio for 2025 excludes impact of pre-emptive general allowance 2. Shares repurchased are cancelled and executed over 3 years till 2027 subject to market conditions. Data as at 31 July 2026. Special Delivering sustainable shareholder value through capital returns Payout ratio including special dividend1 (%)
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19 Loans Low single-digit growth In Summary Fee income Low single-digit growth Full-year NIM 1.75% - 1.80% Credit costs Total credit costs 25-30bps Operating cost Low single-digit increase 2026 outlook Resilient performance amid external uncertainty Diversified franchise drives earnings stability 2Q26 NPAT of $1.5b underpinned by healthy business momentum, alongside non-recurring gains from asset divestments Strong growth in Retail Wealth and CASA; solid momentum in Wholesale Trade loans and CASA NPL rise manageable, credit costs within guidance Capital strength supporting consistent shareholder returns Interim dividend of 88 cents per share maintained at 50% payout ratio; 40% of $2b share buyback programme completed Adequate provision buffers
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20 Appendix ▪ Exposure to Greater China ▪ Exposure to United States
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21 Exposure to Greater China 48 48 45 49 49 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Note: Classification is according to where credit risks reside, represented by the borrower's country of incorporation/ operation for non-individuals and residence for individuals, where available 1.6 2.3 2.1 1.9 1.8 General allowance on loans/Performing loans (%) Customer Loans ($b) NPL ratio (%) 2.7 3.1 3.3 3.5 4.8 NPA coverage (%) 57 78 60 57 42 Unsecured NPA coverage (%) 228 299 259 272 323
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22 Exposure to United States 14 17 17 15 17 Jun-25 Sep-25 Dec-25 Mar-26 Jun-26 Customer Loans ($b) 1.0 2.2 4.7 4.8 4.6 General allowance on loans/Performing loans (%) NPL ratio (%) 4.2 4.0 3.0 1.5 1.2 NPA coverage (%) 67 69 106 233 269 Unsecured NPA coverage (%) 129 147 235 978 1,243 Note: Classification is according to where credit risks reside, represented by the borrower's country of incorporation/ operation for non-individuals and residence for individuals, where available