"Our buffers that we have put aside allow us to navigate these potential hotspots and stay within our guidance of credit costs between 25 to 30 bps (for 2026),” he adds.
United Overseas Bank has sufficient buffers to navigate global geopolitical volatilities, and, given the potential macro-economic conditions ahead, the bank has already pre-emptively anticipated many of these challenges, says group CFO Leong Yung Chee.
"What we see in our pipeline as potential hotspots, we have, in Q3, set aside $615 million because we were anticipating some of them," says Leong, speaking at the bank's full-year results briefing on Feb 24.
