Building a green franchise

Green Strategy supports competitive positioning
We recently hosted an investor call with UOB’s Chief Sustainability Officer
– Mr. Eric Lim. UOB is positioning its strategy to leverage its balance sheet
together with advisory, wealth and solutioning capabilities to support
customers transition to sustainable opportunities. UOB is also transforming
culturally within the organisation as it looks to build a sustainable growth
strategy that serves all stakeholders. This should drive long-term
competitive advantage for UOB, we believe. In the near term, an
improving operational outlook and potential provision write backs should
drive earnings momentum. Maintain BUY.