Financial Report
Governance
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UOB Annual Report 2024 (PDF)
UOB Sustainability Report 2024 (PDF)
About Us
Balancing Growth with Stability for the Long Term
Building and Deepening Long-term Relationships
Governance
Financial Report
Additional Information
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UOB Annual Report 2024 (PDF)
UOB Sustainability Report 2024 (PDF)
UOB Annual Report 2024

Building the Future of ASEAN

The cover for this year’s Annual Report features one of nine bonsai trees we have planted around UOB Plaza in Singapore since 2024. Specially incorporated into our office landscape, these living works of art add a touch of nature to the heart of the Central Business District, allowing visitors to appreciate their beauty in this urban oasis.
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Our Purpose and Strategic Priorities

Building the future of ASEAN - for the people and businesses within, and connecting with, ASEAN.

Guided by our values and supported by our fundamental strengths, we focus on supporting our customers as we drive performance across our franchise.

Our approach to supporting our customers is based on a long-term mindset to stay prudent and disciplined in balancing growth with responsibility.
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Our Strategic Focus

Create financial solutions that are personalised to every individual to help our customers achieve their personal and business financial goals through our omni-channel approach.
Help customers grow sustainably and integrate sustainability into our business and operations to drive responsible growth for positive and meaningful impact to the economy, society and environment.
Connect our customers across ASEAN, and with Greater China and the rest of the world, through our sector specialisation, ecosystem partnerships and integrated digital platform, using a One Bank approach.
Build employee pride through fostering a culture of care, growth and trust, as we attract and grow our own timber.

Our Fundamental Strengths

Robust governance and risk management; strong capital and funding base
Established and integrated network
Diverse pool of talent and expertise
Asian heritage with deep Southeast Asian roots

Our Values

Honourable
Enterprising
United
Committed

About UOB

UOB is a leading bank in Asia. Operating through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, we have a global network of more than 470 branches and offices in 19 markets and territories in Asia Pacific, Europe and North America.
Since our incorporation in 1935, we have grown organically and through a series of strategic acquisitions. Today, we are rated among the world’s top banks: Aa1 by Moody’s Investors Service and AA- by both S&P Global Ratings and Fitch Ratings.
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Rated Among the World’s Top Banks
Aa1
by Moody’s Investors Service
AA-
by S&P Global Ratings and Fitch Ratings

Deputy Chairman and CEO’s Report

Key megatrends – digitalisation, sustainability investments and a rising middle class – will continue to fuel ASEAN’s dynamism. UOB is well-positioned to ride on these trends, supporting our customers to fulfill their needs and aspirations.
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Wee Ee Cheong
Deputy Chairman and Chief Executive Officer

Balancing Growth with Stability for the Long Term

Chairman’s Statement
Deputy Chairman and CEO’s Report
Financial Highlights
Investor Highlights
Sustainability Highlights

Building and Deepening Long-term Relationships

Partnering Businesses To Unlock Regional Growth Opportunities
Personalising the Experience for Every Customer
Enabling our People to Build Long-term Careers through Achieving Purpose and Balance
Doing Right by Our Communities

Building the Future of ASEAN

For the people and businesses within, and connecting with, ASEAN.
Our Purpose statement above underscores UOB’s brand promise to do right by our stakeholders, including customers, colleagues and communities. It reflects our long-term strategy, signalling the Bank’s intent to intensify investment in the region to help realise the potential of the people and businesses in ASEAN. It also reinforces UOB’s commitment to facilitating economic flows within and with ASEAN to support businesses across generations.

Our Highlights of the Year

2024 UOB Financial Highlights

Net profit
$6.0
billion
+6%
Operating Profit
$8.0
billion
+3%
Gross Customer Loans
$338
billion
+5%
Customer Deposits
$404
billion
+5%
Total Assets
$538
billion
+3%
Non-performing Loan Ratio
1.5
%
unchanged
Net Stable Funding Ratio
116
%
-4% pt
Common Equity Tier 1 Ratio
15.5
%
+2.1% pt

2024 Corporate Milestones

Completed full integration of Citigroup’s consumer banking business in UOB Thailand
Celebrated UOB Thailand’s 25th anniversary
Celebrated UOB China’s 40th anniversary

Awards & Highlights

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Where We Operate

~470
branches and offices in Asia Pacific, Europe and North America.

Asia

Brunei
2
Hong Kong
2
India
2
Indonesia
117
Japan
2
Mainland China
20
Malaysia
58
Myanmar
2
Philippines
1
Singapore
61
South Korea
1
Taiwan
2
Thailand
189
Vietnam
7
Australia
1
Canada
3
France
1
United Kingdom
1
USA
2

Financial Highlights

Net Profit After Tax and
Return on Equity

Net Interest Income
and Margin

Gross Fee and
Commission Income

Trading and Investment
Income

Operating
Expenses1

Total Allowance
on Loans

Net Profit After Tax and
Return on Equity

Net Interest Income
and Margin

Gross Fee and
Commission Income

Trading and Investment
Income

Operating
Expenses1

Total Allowance
on Loans

Net Profit After Tax and
Return on Equity

Net Interest Income
and Margin

Gross Fee and
Commission Income

Trading and Investment
Income

Operating
Expenses1

Total Allowance
on Loans

Cover
Next Page
Financial Highlights
Corporate Governance
Financial Highlights
Five-Year Ordinary Share Capital Summary
Our Highlights of the Year
Quick Links
www.UOBgroup.com
Investor Relations
Full Annual Report 2024 PDF
Past Years’ Annual Report
As part of our commitment towards sustainability, we would like to encourage you to view our Annual Reports electronically. Thank you for joining us on our sustainability journey.

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