UOB Annual Report 2002 - United Overseas Bank

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Our International Network UOB Los Angeles Agency 911 Wilshire Boulevard Ground Floor, Los Angeles California 90017-3478 Telephone: (1)(213) 623 8042 Facsimile: (1)(213) 623 3412 Cable: TYHUABANK LOS ANGELES Telex: 6831011 TYHUA Email: UOB.LosAngeles@UOBgroup.com Agent & General Manager: Chen Hoong Vietnam UOB Ho Chi Minh City Branch Central Plaza Office Building Ground Floor 17 Le Duan Boulevard District 1 Ho Chi Minh City Telephone: (84)(8) 825 1424 Facsimile: (84)(8) 825 1423 Telex: 813221 UOBHCM VT SWIFT: UOVBVNVX Email: UOB.HoChiMinhCity@UOBgroup.com General Manager: Thng Tien Tat Correspondents In all principal cities of the world Related Financial Services Gold/Futures Dealing Singapore UOB Bullion and Futures Limited (a wholly-owned subsidiary) 80 Raffles Place, 5th Storey UOB Plaza 1 Singapore 048624 Telephone: (65) 6539 2929/ 6535 7122 Facsimile: (65) 6538 3990 Email: BullionFutures@UOBgroup.com Managing Director & Chief Executive Officer: Wong Chong Fatt Taiwan UOB Bullion and Futures Limited, Taiwan Branch Union Enterprise Plaza, 10th Floor 109 Minsheng East Road Section 3 Taipei 105 Telephone: (886)(2) 2545 6163 Facsimile: (886)(2) 2719 9434 Email: vincentcheng@mail.apol.com.tw Manager: Vincent Cheng Chih Jung Insurance Singapore United Overseas Insurance Limited (a subsidiary) 156 Cecil Street, #09-01 Far Eastern Bank Building Singapore 069544 Telephone: (65) 6222 7733 Facsimile: (65) 6224 2718 Email: ContactUs@uoi.com.sg Managing Director: David Chan Mun Wai UOB Life Assurance Limited (a subsidiary) 156 Cecil Street, #10-01 Far Eastern Bank Building Singapore 069544 Telephone: (65) 6227 8477 Facsimile: (65) 6221 5657 Email: uoblife@UOBgroup.com Managing Director: Raymond Kwok Chong See Hong Kong S.A.R. UOB Insurance (H.K.) Limited (a subsidiary) Worldwide House, 16/F 19 Des Voeux Road Central Telephone: (852) 2867 7988 Facsimile: (852) 2810 0218 Telex: 74542 ASIAN HX Director: David Chan Mun Wai Indonesia PT UOB Life - Sun Assurance (a subsidiary) Menara BCD, 15th Floor Jalan Jend. Sudirman Kav. 26 Jakarta 12920 Telephone: (62)(21) 250 0888 Facsimile: (62)(21) 250 0908 PT UOB Life - Sun Assurance has 2 offices in Indonesia. Investment Management Singapore UOB Asset Management Ltd (a wholly-owned subsidiary) 80 Raffles Place, 3rd Storey UOB Plaza 2 Singapore 048624 Telephone: (65) 6532 7988 Facsimile: (65) 6535 5882 Email: UOBAM@UOBgroup.com Managing Director & Chief Investment Officer: Daniel Chan Choong Seng UOB Venture Management Private Limited (a wholly-owned subsidiary) 80 Raffles Place, 30th Storey UOB Plaza 2 Singapore 048624 Telephone: (65) 6539 2268 Facsimile: (65) 6538 2569 Email: uobvm@uobvm.com.sg Managing Director: Quek Cher Teck China UOB Investment Consultancy (Beijing) Limited (a subsidiary) Jing Xin Building, 6/F No. 2 Dong Shan Huan North Road Chaoyang District Beijing 100027 Telephone: (86)(10) 6466 0826 Facsimile: (86)(10) 8451 3387 Email: info@uobvm.com.cn Deputy General Manager: Li Zhi Liang 182
UOB Venture Management (Shanghai) Co., Ltd (a wholly-owned subsidiary) Jin Mao Tower, 31/F 88 Century Boulevard Pudong New Area Shanghai 200120 Telephone: (86)(21) 2890 9677 Facsimile: (86)(21) 2890 9288 Email: info@uobvm.com.cn Deputy General Manager: Tang Boo Teck SZVC-UOB Venture Management Co., Ltd (an associate) Investment Building, No. 4009 11 Shennan Road Futian Centre District Shenzhen Telephone: (86)(755) 8291 2888 Facsimile: (86)(755) 8291 2880 Email: info@uobvm.com.cn General Manager: Chua Wee Liang France UOB Global Capital SARL (a subsidiary) 40 rue La Perouse 75116 Paris Telephone: (33)(1) 5364 8400 Facsimile: (33)(1) 5364 8409 Email: michael.landau@uobgc.com Managing Director: Michael Landau Malaysia UOB-OSK Asset Management Sdn Bhd (a subsidiary) Menara UOB, Level 13 Jalan Raja Laut 50350 Kuala Lumpur Telephone: (60)(3) 2732 1181 Facsimile: (60)(3) 2732 1100 Email: oskam@po.jaring.my Chief Executive Officer: Tan Kok Kheng Taiwan UOB Investment Advisor (Taiwan) Ltd (a wholly-owned subsidiary) Union Enterprise Plaza, 10th Floor 109 Minsheng East Road Section 3 Taipei 105 Telephone: (886)(2) 2719 7005 Facsimile: (886)(2) 2545 6591 Email: uobiatp@seed.net.tw Manager: Tracy Yin (Ms) United States of America UOB Global Capital LLC (a subsidiary) UOB Building 592 Fifth Avenue Suite 602, 48th Street New York, NY 10036 Telephone: (1)(212) 398 6633 Facsimile: (1)(212) 398 4030 Email: dgoss@uobglobal.com Managing Director: David Goss UOB Venture Management (USA) Inc. (a wholly-owned subsidiary) 710 Lakeway Drive, Suite 250 Sunnyvale, California CA 94086 Telephone: (1)(408) 530 1900 Facsimile: (1)(408) 530 1919 Email: kwseah@uobvm.com.sg Deputy Managing Director: Seah Kian Wee Merchant Banking Singapore UOB Asia Limited (a wholly-owned subsidiary) 80 Raffles Place, 21st Storey UOB Plaza 2 Singapore 048624 Telephone: (65) 6539 3171 Facsimile: (65) 6534 0409 Email: Michael.SngBH@UOBgroup.com Managing Director: Michael Sng Beng Hock Australia UOB Australia Limited (a wholly-owned subsidiary) United Overseas Bank Building Level 9, 32 Martin Place Sydney, NSW 2000 Telephone: (61)(2) 9221 1924 Facsimile: (61)(2) 9221 1541 Telex: AA 73507 TYHUA SWIFT: UOVBAU2S Email: UOB.Sydney@UOBgroup.com Director & Regional Head, Australia & New Zealand: Peter Mackinlay Director & General Manager: Kevin Yung Kin Man Hong Kong S.A.R. UOB Asia (Hong Kong) Limited (a wholly-owned subsidiary) Aon China Building Suite 601, 6/F 29 Queen’s Road Central Telephone: (852) 2868 2633 Facsimile: (852) 2840 0438 Email: uobahk@uobahk.com Executive Director: Calfred Yung Wai Kai Stockbroking Singapore UOB-Kay Hian Holdings Limited (an associate) 80 Raffles Place, #30-01 UOB Plaza 1 Singapore 048624 Telephone: (65) 6533 2936/ 6535 6868 Facsimile: (65) 6532 6919 Telex: RS 24085 Website: www.uobkayhian.com Managing Director: Wee Ee Chao UNITED OVERSEAS BANK 183
Page 1 and 2:
ANNUAL REPORT 2002 United for Growt
Page 3 and 4:
Our Mission To be a premier bank in
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Performance in Brief Profit For The
Page 7 and 8:
Profit growth was derived mainly fr
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Financial Highlights Group Assets 2
Page 11 and 12:
Group Return On Average Shareholder
Page 13 and 14:
Corporate Information Honorary Life
Page 15 and 16:
Left to right: Koh Beng Seng, Ngiam
Page 17 and 18:
Left to right: Tan Kok Quan, Prof L
Page 19 and 20:
Mr Francis Lee Chin Yong Managing D
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The Bank has a budget for directors
Page 23 and 24:
independent and non-executive direc
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work of each of the banking subsidi
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Risk Management Credit and Country
Page 29 and 30:
The composition of loans and advanc
Page 31 and 32:
Group Non-Performing Loans (NPLs) a
Page 33 and 34:
Group NPLs and Cumulative Provision
Page 35 and 36:
Group Specific Provision by Region
Page 37 and 38:
Collateral Types The majority of th
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Exposure to the Five Regional Count
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Cross-Border Exposure to the Five R
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Complementing the static analysis i
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Sources of Deposits The Group has a
Page 47 and 48:
The VaR calculations are performed
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Group Daily VaR Distribution for 20
Page 51 and 52:
As part of the Group's comprehensiv
Page 53 and 54:
The celebratory light-up linking UO
Page 55 and 56:
services so as to meet the increasi
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Our subsidiary, UOB Asset Managemen
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Grow our services In line with the
Page 61 and 62:
exercise, achieved well ahead of th
Page 63 and 64:
processes in place that will suppor
Page 65 and 66:
Group Financial Review Review of Fi
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Group Profits The Group achieved a
Page 69 and 70:
Analysis of Changes in Net Interest
Page 71 and 72:
Cost Savings from Integration The G
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Overview of Balance Sheet Assets Mi
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Gross Customer Loans Analysed by Cu
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Capital Adequacy Ratios The Capital
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Directors’ Report for the financi
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In addition, the following subsidia
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Arrangements to Enable Directors to
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Ability to Meet Obligations No cont
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Share Options of the Bank (a) From
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(d) (e) (f) No options have been gr
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Statement by Directors for the fina
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Income Statements for the financial
Page 95 and 96:
The Group The Bank Note 2002 2001 2
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The Group 2001 Non- Share of Share
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The Bank 2001 Non- Share Share Dist
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Notes to the Financial Statements f
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(e) Investments (i) Singapore Gover
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(k) Derivative Financial Instrument
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4 Interest Expense The Group The Ba
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(c) Equity Compensation Benefits Op
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11 Directors’ Fees and Other Remu
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14 Tax (a) The tax charge to the in
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2002 2001 Fair Value of Depreciable
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Deferred tax assets and liabilities
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18 Non-Distributable Reserves (a) T
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19 Revenue Reserves (a) The Group 2
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(c) The interim dividend paid in sp
Page 125 and 126:
23 Debts Issued The Group The Bank
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(b) Included in other government tr
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(c) Total gross trade bills and adv
Page 131 and 132:
29 Other Assets The Group The Bank
Page 133 and 134: 32 Investments in Subsidiaries (a)
Page 135 and 136: 33 Movements in the Provisions for
Page 137 and 138: 34 Fixed Assets (a) The Group 2002
Page 139 and 140: (e) Certain freehold and leasehold
Page 141 and 142: 39 Derivative Financial Instruments
Page 143 and 144: (c) Derivative financial instrument
Page 145 and 146: The Group - 2001 Individual Institu
Page 147 and 148: (b) Secondary Reporting Format - Ge
Page 149 and 150: Discussions on the main financial r
Page 151 and 152: The Group - 2002 Hong Singapore US
Page 153 and 154: Other foreign exchange exposures of
Page 155 and 156: The Group - 2002 Non- Over 7 Over O
Page 157 and 158: The Group - 2001 Non- Over 7 Over O
Page 159 and 160: The Group - 2002 Over 7 Over Over O
Page 161 and 162: The Group - 2001 Over 7 Over Over O
Page 163 and 164: Where quoted and observable market
Page 165 and 166: Percentage of Paid-Up Capital Held
Page 171 and 172: Investor Reference Financial Highli
Page 173 and 174: 1998 1997 1996 1995 1994 1993 1992
Page 175 and 176: 1998 1997 1996 1995 1994 1993 1992
Page 177 and 178: Statistics of Shareholdings as at 1
Page 179 and 180: Changes in Share Capital The follow
Page 181 and 182: Our International Network Banking S
Page 183: United Overseas Bank (Malaysia) Bhd
Page 187 and 188: Notes to Resolutions 4, 6, 7, 8, 9,
Page 189: Notes: 1 Please insert the number o
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UOB Annual Report 2002 - United Overseas Bank

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