Acquisition StrategyUOB’s acquisition of Citigroup’s consumer businesses in Indonesia, Malaysia, Thailand, and Vietnam allows it to accelerate, scale up, and deepen its ASEAN franchise, with management expressing confidence in higher structural return on equity (ROE) of over 13%.
Capital ManagementA SGD3bn package to return capital over 3 years, including a SGD0.50 special dividend and a SGD2bn share buyback, demonstrates active capital management.
Fee IncomeFee income surged by 20% YoY, driven by record loan fees and a recovery in wealth management and credit card fees.