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Key Summary from UOB’s 2Q and 1H FY2020 Results (Guest Post)

Key Summary from UOB’s 2Q and 1H FY2020 Results (Guest Post)

Along with DBS Group Holdings, United Overseas Bank (SGX:U11) also released its results for the second quarter and first half of the financial year 2020 ended 30 June 2020 yesterday morning before trading hours.

7 more UOB branches in shopping malls and retail areas to reopen ...

This post was originally posted here. The writer, Lim Jun Yuan is a veteran community member and blogger on InvestingNote, with username known as ljunyuan and has 1241  followers.

As a shareholder of the Singapore bank, I have studied its latest update in detail and in today’s post, I will be sharing with you the most important aspects to take note of, my personal thoughts (about the bank’s latest results), along with important information about the bank’s dividends (both cash and scrip) to take note of (especially if you are a shareholder of the bank)…

Key Financial Results (2Q FY2019 vs. 2Q FY2020, and 1H FY2019 vs. 1H FY2020)

In this section, we will be looking at the bank’s key financial results both on a quarter-on-quarter (q-o-q) as well as on a year-on-year (y-o-y) basis:

2Q FY2019 vs. 2Q FY2020:

2Q FY2019 2Q FY2020 % Variance
Total Income
(S$’bil)
$2.58b $2.26b -12.5%
– Net Interest
Income (S$’bil)
$1.65b $1.46b -11.5%
– Net Fee &
Commission Income
(S$’bil)
$0.53b $0.45b -15.1%
– Other Non-Interest
Income (S$’bil)
$0.40b $0.36b -10.0%
Net Profit
(S$’bil)
$1.17b $0.71b -39.7%
Net Profit
Attributable to
Shareholders (S$’bil)
$1.17b $0.70b -39.8%

At one look, you can conclude that on a q-o-q basis, it was a weaker one for the bank.

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