UOB Financial Results 2023 Earnings Report Q4

UOB reported full-year 2023 core net profit of $6.1 billion, up 26% year-over-year, with core return on equity of 14.2%. The bank demonstrated improved cost efficiency with a core cost-to-income ratio of 41.5% and maintained stable asset quality with an NPL ratio of 1.5%. Strong capital and liquidity positions were supported by CET1 ratio of 13.4% and NSFR of 120%.