1Q 2026 Financial Results Media Briefing

Good morning, everyone. Welcome to the first results media briefing of this financial year. Today we have with us our deputy chairman and group CEO, Mr. Wee Chong, and our group CFO, Mr. Leong Yong-chi. As usual, Mr. Wee will begin by giving a broad overview of how our franchise has performed and the operating landscape that we are all in. Mr. Leong will then go into more details on the financials and business performance from this quarter. After both presentations, we'll be taking questions from the media. I would now like to invite the CEO to get us started. Mr. Wee, please. Good morning. Thank you for joining us today. I'd like to see all the usual faces. As all of you know, I don't have to say we are operating in a period of item global uncertainty.

Energy prices are volatile. Supply chains remain under pressure. The inflation risks have resurfaced. These are real challenges and we are watching development closely. In time like this, customer looks for stability. At UB, we continue to work alongside our customers as they manage higher costs and volatility. And as they seize opportunities across the region, that is our priority to be right by our customers. So we enter

this period of uncertainty from a position of strength. Our balance sheet remains strong. Our capital and liquidity positions are robust. And our reserve buffers give us the capacity to support customers as they navigate an uncertain. As you know, our CET1 ratio first quarter is 15.3%. MPA coverage 100%, GP performance versus performance loans is 1%. And this is consistent with how we have operated over 90 days. And how we will continue. Now moving to our results. UB delivered a resilient performance in the first quarter.

Net profit was 1.4 billion, moderating 4% year on year, and up 2% quarter on quarter, driven by our core franchise. Compared with the fourth quarter, net interest margin held up at 1.82%. Wealth and loan related fees normalized for both quarter seasonal level. Trading and investment income we founded. Expenses were well controlled. Asset quality was resilient with NPL ratio stable at 1.5%. And total credit costs within expectations. Our balance sheets remain strong with high CET1 ratio of 15.3%.

And robust liquidity ratio. This outcome reflect the quality of our earnings, underpinned by our diversified business model and our regional franchise. Now let me go through the business aspect of the balance. In retail banking, we saw steady growth in Casa, up 10% year on year. On well, up 6% year on year. And cut buildings up 7%. In well, we are making progress supported by growth in AUM and higher conversion of customer asset into investment. In wholesale banking, momentum was positive with healthy loan growth. We continue to expand our

our WA-like revenue stream through regional connectivity flow. With double digit growth in Casa and trade loans. Our trade loans first quarter of this year up 19% year on year. Casa up 10% year on year. Global markets deliver record high income in a more volatile environment. We have never been more confident. Our foundation are in place across ASEAN and we are now focused on undersing this potential. As a long term operator, what drives us is achieving steady, sustainable returns over the long haul. We are executing according to our plans and not chasing

quick short term result, especially given the volatile market we are in. Now let me further elaborate. Today we serve 8.5 million customers across our ASEAN footprint and continue to grow organically. This skill gives us a stronger base to deepen relationships, build ecosystem partnerships and deliver tangible value to customers. Over the past three years, our focus has been on integrating the city portfolio and bringing everything into a single unified platform. That work is largely completed. It position us as one of the most connected banking franchises

in ASEAN with strong capabilities across retail, SMB and wholesale banking. We are moving into the next phase now, unlocking the value of our enlarged customer base to reshape the group towards a more diversified, feed driven mix, anchor on connectivity, trade and cash, lifestyle solutions like credit cards and wealth. In retail we see significant opportunities including in wealth underpinned by large and increasingly affluent customer base that is under penetrated. This gives us a long runway for sustainable organic growth. Our immediate focus is to grow AUM and improve invested AUM penetration.