Balancing Growth with Stability for the Long Term / Investor Highlights

Investor Highlights

Strengthening Investor Confidence Through Enhanced Communication

In 2025, we continued to reinforce our commitment to transparent, consistent and high-quality communication with the investment community. Our focus remained on building long-term trust through open dialogue and timely sharing of insights on the Bank’s strategic priorities, financial performance and long-term growth ambitions.

A key priority for the year was to elevate the quality of our investor engagement. In addition to regular financial updates, we proactively reached out to the investment community following each quarterly results announcement to provide clarity on the operating environment, business momentum and strategic progress.

To further enhance transparency, UOB expanded opportunities for investors to interact directly with members of our senior management and business leaders, including through an investor luncheon hosted after our 1H2025 results. These sessions enabled investors to gain deeper insights into the Bank’s business drivers, regional strategies and long-term growth plans across ASEAN. By creating these touchpoints, we enabled a clearer understanding of the rationale behind our strategic decisions and the progress of execution across key business pillars, reinforcing confidence in our long-term direction.

We also strengthened disclosure practices through new quarterly disclosures across our major business segments: Wholesale Banking, Retail Banking and Global Markets, allowing investors to track performance more effectively. In addition, we provided expanded disclosures on net interest margin and asset quality, two areas of heightened investor focus in the current environment. These improvements reflect our commitment to addressing investor concerns proactively and ensuring clarity on the drivers of our financial performance.

Throughout the year, we leveraged a hybrid mix of face-to-face and digital channels to ensure accessible and consistent communication with our investors globally. About 650 meetings were conducted to ensure that the investment community was kept well-informed about our strategy, performance and outlook. This hybrid approach enabled us to reach a broader audience in a more timely manner and strengthen relationships across geographies.

These engagements included:

Quarterly financial results briefings and post-results investor calls and meetings;

Deep-dive sessions with business heads and senior management team;

Investor roadshows, conferences and meetings with institutional investors across Asia-Pacific, Europe and North America;

The Securities Investors Association (Singapore) (SIAS) Corporate Connect and other retail investors outreach forums hosted by RHB Investment Bank Berhad and UOB Kay Hian Holdings Limited in partnership with SGX;

Engagement with credit rating agencies; and

The Bank’s Annual General Meeting.

As a result of our dedication to investor engagement, we were recognised with two prestigious awards in 2025:

Shareholder Communications Excellence Award (Big Cap Category) at the SIAS Investors’ Choice Awards and
Best Investor Relations: Silver (Large-Cap Category) at the Singapore Corporate Awards.

Our commitment to quality engagement, transparency and trust remains central to creating sustainable value for all stakeholders.

UOB Group CFO, Mr Leong Yung Chee, receiving the Shareholder Communications Excellence Award (Big Cap Category) at the SIAS Investors’ Choice Awards 2025. Photo courtesy of SIAS.

UOB Group CFO, Mr Leong Yung Chee, receiving the Silver award for Best Investor Relations (Large-Cap Category) at the Singapore Corporate Awards 2025. Photo courtesy of the Singapore Corporate Awards.

Funding activities in 2025 re-established UOB’s benchmarks in USD and European covered bonds, extended the Singapore covered curve, and optimised cross-currency funding costs. Regionally, record AUD placement and tight MYR Tier 2 pricing underscore strong name recognition and disciplined execution.

UOB re-entered into the USD 144A/RegS senior market and EUR covered market for the first time in 3 years to re-engage global investors.

The bank raised USD2 billion senior bond across three tranches: 3-year fixed at US Treasuries plus 40, 3-year floating at Secured Overnight Financing Rate plus 58 and 5-year floating at Secured Overnight Financing Rate plus 65. It was a priority for the bank to engage US/Europe investors having been absent in 2023 to 2024 due to significant market risk events. This was UOB’s largest USD senior at the lowest 3-year pricing benchmark, crystalising 0 and negative 5 basis point new issue premium, marking the tightest APAC ex-Japan ex-China bank bond spread since 2022. There was strong investor participation from 189 individual accounts and higher US and EU investor penetration than before. The trade continues to be anchored by high quality institutional non-bank investors – approximately 30 per cent to official institutions and 24 per cent to fund managers. This trade is 1 of only 2 144A senior bank trades from South-East Asia in 2025.

In Euros, UOB extended the Singapore covered bond curve with a EUR850 million 5-year at Mid Swap plus 30, coupon 2.718 per cent, pricing inside fair value and delivering approximately 15 basis point savings versus the USD senior curve. The deal was well distributed across Switzerland, Germany, UK, Nordics and Benelux investors, and represented the longest tenor outstanding from Singapore and the tightest 5-year non-EU covered Bond since 2022.

Building on this momentum, UOB also tapped the sterling market with a GBP750 million 3.5-year covered bond at Sterling Overnight Index Average plus 52, leveraging strong investor reverse enquiry to achieve the tightest non-UK covered Bond of 2025.

Together, these transactions re-established UOB’s benchmarks across USD and EUR and secured cost-effective funding under volatile conditions.

“Singapore's United Overseas Bank returned to the euro covered market after almost four years… The bonds priced 15 basis point tighter than a theoretical US dollar senior bond. This marked an increase from around 10 basis point of savings for covered deals earlier in the year.“

“UOB makes euro covered comeback”, IFR Asia,
26 November 2025

UOB reinforced its position as a leading issuer in Asia-Pacific with a AUD2 billion senior issuance.

The transaction took advantage of favourable spread environment in February 2025. This was the largest UOB AUD trade with the largest orderbook, AUD4.4 billion, from a Singapore issuer and the highest Australian demand for an Asian bank trade in 2025. The transaction recorded high institutional fund manager participation at 31 per cent, higher than prior deals. The transaction reset UOB’s AUD senior funding curve, the lowest UOB 3-year spread post COVID and lowest 3-year bank senior funding level in first half of 2025.

In Malaysia, UOB priced its Basel III-compliant Tier 2 Sukuk Wakalah RM750 million 12-year non-call 7-year at 3.85 per cent, Malaysian Government Securities plus 36. UOB tailored an investor marketing strategy to align with MYR investors whose appetite is largely driven by all-in yield requirements. The pricing of 3.85 per cent was near fixed deposit levels and the 3^rd lowest bank spread in the last 12 months.