UOB Annual Report 2002 - United Overseas Bank

Financial Highlights
Group Total Income
Net Interest Income
2002: $2,169 million + 51.8%
2001: $1,429 million
Non-Interest Income
2002: $910 million + 14.5%
2001: $795 million
Group Total Non-Performing Loans (NPLs)
NPLs
2002: $5,679 million – 4.8%
2001: $5,968 million
NPLs As A % Of Gross Non-Bank Loans
2002: 9.0% – 0.3% point
2001: 9.3%
4000
3500
7000
14
3000
3,079
6000
12
$ million
2500
2000
1,715
1,788
1,903
2,224
$ million
5000
4000
10
8
%
1500
3000
6
1000
2000
4
500
1000
2
1998 1999 2000 2001 2002 1998 1999 2000 2001 2002
$ 1,201 1,133 1,198 1,429 2,169
US$ 723 680 692 772 1,249
$ 514 655 704 795 910
US$ 310 393 406 429 524
Net Interest Income Non-Interest Income
$ 2,072 2,834 2,462 5,968 5,679
US$ 1,248 1,701 1,421 3,224 3,272
% 7.1 9.8 7.8 9.3 9.0
NPLs
NPLs (Excluding Debt Securities)
As A % Of Gross Non-Bank Loans
Group Total Cumulative Provisions
Cumulative Specific Provision
2002: $2,079 million + 9.5%
2001: $1,899 million
Cumulative General Provision
2002: $1,425 million – 0.7%
2001: $1,435 million
Total Cumulative Provisions As A %
Of Total NPLs
2002: 61.7% + 5.8% points
2001: 55.9%
$ million
4000
3500
3000
2500
2000
1500
1000
1,518
1,774
1,664
3,334
3,504
80
70
60
50
40
30
20
%
500
10
1998 1999 2000 2001 2002
$ 735 955 896 1,899 2,079
US$ 443 573 517 1,026 1,198
$ 783 819 768 1,435 1,425
US$ 472 491 443 775 821
% 73.3 62.6 67.6 55.9 61.7
Specific Provision
General Provision
Cumulative Provisions
As A % Of Total NPLs
10