UOB Group posts record core net profit of $4.8b in FY22

Compared to FY21, the group’s core net profit rose 18%.

UOB Group’s core net profit rose to a record high of $4.8b in FY22, its latest financial statement showed.

According to the company, its FY22 core net profit is 18% higher than its FY21 record.

Including one-off expenses relating to the acquisition of Citigroup’s Malaysia and Thailand consumer businesses, UOB Group said its net profit would be $4.6b, which is still a record high.

Given its strong earnings and capital position, UOB Group’s board proposed the payment of a final dividend of 75 cents per ordinary share.

“Together with the interim dividend of 60 cents per ordinary share, the total dividend for FY22 will be S$1.35 per ordinary share, representing a payout ratio of approximately 49%,” UOB Group said.