UOB Annual Report 2002 - United Overseas Bank

United for Growth
With the successful integration of Overseas Union Bank in 2002, we have taken another important step
towards our growth in Singapore and the region. Looking ahead, we will continue to actively grow the
Bank – by growing our customers' wealth, growing our portfolio of products, growing the returns to
our shareholders, and growing our staff in knowledge and skills. These four constituent components
of our growth, like ripples in a pond moving outward in an ever-growing circle, will propel us to be a
premier bank in the Asia-Pacific.
Contents
Our Mission 1
Brief Profile 2
Performance in Brief 3
Chairman’s Statement 4
Financial Highlights 7
Corporate Information 11
Board of Directors 12
Principal Officers 16
Corporate Governance 18
Risk Management 25
2002 in Review 50
Group Financial Review 62
Financial Statements 76
Subsidiaries 162
Major Associates 168
Investor Reference 169
Our International Network 179
Notice of Annual General Meeting 184
Proxy Form
All figures in this Annual Report are in Singapore dollars unless otherwise specified.