“We did well last year. Our core net profit rose 26% to new record of $6.1 billion. Our asset quality is stable and our balance sheet remains strong.
For around an hour, United Overseas Bank (SGX:U11
) ’s chairman Wong Kan Seng, group CEO Wee Ee Cheong, group CFO Lee Wai Fai, group chief risk officer Chan Kok Seong and other C-suite executives answered questions from a handful of the 900 shareholders who attended the bank’s FY2023 AGM held on April 18.
In his opening speech, Wee thanked shareholders for their messages of support following the sad demise of his father Wee Cho Yaw. Among the topics he touched on was that UOB would be paying out 85 cents per share for 2HFY2023, or $1.70 for the full year.
