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

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CRO statement

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