CFO statement

“The real significance of the year’s results was the increase in ROE to 12.1%. Our franchise has been fundamentally transformed over the past decade. Two high-returns businesses, wealth management and cash management, accounted for 33% of our business in 2018 from 11% in 2009 as wealth management grew five times and cash management expanded eight times over the period.”

CFO Chng Sok Hui


CRO statement

Asset quality improved with lower allowance charges. With macroeconomic headwinds increasing, we remain alert to their potential impact on our portfolio.