UOB Annual Report 2002 - United Overseas Bank
UOB Annual Report 2002 - United Overseas Bank
UOB Annual Report 2002 - United Overseas Bank
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Collateral Types<br />
The majority of the classified loans are secured by properties. Properties are valued at forced<br />
sale value and such valuations are updated semi-annually. Other types of collateral include<br />
marketable securities such as listed stocks and shares, cash and deposits, and bankers' standby<br />
letters of credit (SBLCs).<br />
As at 31 December <strong>2002</strong>, 55.4% of total Group NPLs was secured by collateral as compared to<br />
59.1% as at 31 December 2001.<br />
The secured NPLs of the Group by collateral type based on country of risk were as follows:<br />
Marketable Cash and<br />
$ million Properties Securities Deposits Others Total<br />
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––<br />
31.12.02<br />
Singapore 2,067 86 36 135 2,324<br />
Five Regional Countries 569 102 2 43 716<br />
Greater China 61 2 – – 63<br />
Others 43 – – – 43<br />
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––<br />
Total 2,740 190 38 178 3,146<br />
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––<br />
30.6.02<br />
Singapore 2,232 105 19 105 2,461<br />
Five Regional Countries 621 84 3 51 759<br />
Greater China 68 5 1 – 74<br />
Others 102 – – – 102<br />
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––<br />
Total 3,023 194 23 156 3,396<br />
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––<br />
31.12.01<br />
Singapore 2,282 136 14 64 2,496<br />
Five Regional Countries 643 97 3 45 788<br />
Greater China 109 11 – 11 131<br />
Others 111 – 2 – 113<br />
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––<br />
Total 3,145 244 19 120 3,528<br />
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––<br />
31.12.00<br />
Singapore 770 37 9 34 850<br />
Five Regional Countries 324 19 1 17 361<br />
Greater China 9 10 – – 19<br />
Others 13 1 – – 14<br />
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––<br />
Total 1,116 67 10 51 1,244<br />
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––<br />
Secured/Unsecured NPLs<br />
31.12.02 30.6.02 31.12.01 31.12.00<br />
Amount % of Amount % of Amount % of Amount % of<br />
($ million) Total NPLs ($ million) Total NPLs ($ million) Total NPLs ($ million) Total NPLs<br />
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––<br />
Group NPLs<br />
Secured 3,146 55.4 3,396 56.9 3,528 59.1 1,244 50.5<br />
Unsecured 2,533 44.6 2,575 43.1 2,440 40.9 1,218 49.5<br />
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––<br />
Total 5,679 100.0 5,971 100.0 5,968 100.0 2,462 100.0<br />
––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––<br />
UNITED OVERSEAS BANK 35