Since my appointment as Chairman, I have become accustomed to the quality of the people at UOB. They are professionals who lead and are guided by our values. Their deep understanding of each local environment is proven in the timeliness and thoughtfulness of our products and services. Following Management’s disciplined and customer-focused approach, our people grow our business for the long term, whatever the environment.
2018 saw geopolitical uncertainty, trade tensions and market volatility which bore down on economies, industries and businesses. Against this backdrop, UOB achieved healthy growth across our core franchise, with our net profit rising to another record of $4 billion. This was an 18 per cent increase over the year before. In view of this performance, the Board is pleased to announce a final dividend of 50 cents and a special dividend of 20 cents per ordinary share.