United Overseas Bank Ltd (OTCPK:UOVEY)
$ 54.425 -0.029 (-0.05%) Market Cap: 45.50 Bil Enterprise Value: 18.17 Bil PE Ratio: 10.94 PB Ratio: 1.30 GF Score: 80/100
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Q3 2021 United Overseas Bank Ltd Trading Update Media Briefing Transcript

Nov 03, 2021 / NTS GMT
Release Date Price: $40.4 (-0.66%)
Shih Tung Lin
United Overseas Bank Limited - Head of IR

Good morning, and welcome to UOB's Third Quarter 2021 Results Briefing. This morning, we have Mr. Wee Ee Cheong, UOB Deputy Chairman and CEO; and Mr. Lee Wai Fai, our CFO, to present the results.

A few house rules before we start. (Operator Instructions) Mr. Wee, please?

Ee Cheong Wee
United Overseas Bank Limited - Deputy Chairman & CEO

Yes. Good morning, and thank you for joining us. We hope everyone is staying safe and healthy. In the third quarter, we continue to build on the strong momentum of 2021. Compared to the last quarter, loans grew 3%, mainly from term and trade loans in Singapore and Greater China. Fees from credit card were higher while wealth and fund management fees sustained momentum from second quarter. CIR was maintained even as we stepped up investment in people and technology.

This was achieved despite muted growth in ASEAN, due to our diversified customer franchise and geographies. Our portfolio remains resilient with stable asset quality. Our restructuring task

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