...Strong Capital Position: Fitch Ratings expects United Overseas Bank Limited's (UOB) capital buffers to remain strong, aided by adequate internal capital generation and modest asset growth. UOB's Fitch Core Capital (FCC) ratio of 15.3% and fully loaded common equity Tier 1 (CET1) ratio of 14.9% at end-March 2018 compare favourably with other highly rated banks globally. Stable Funding and Liquidity Profile: UOB is predominantly deposit funded, anchored by its strong domestic franchise, with a current and savings accounts (CASA) ratio of 46% and a net stable funding ratio of 111% at end-March 2018. The bank's average Singapore dollar and all- currency liquidity coverage ratios (LCRs) remained healthy at 174% and 128%, respectively. Resilient Asset Quality: Asset-quality pressures are likely to ease after the bank accelerated NPL recognition of its residual vulnerable oil and gas support services exposure in 4Q17, and against firmer global growth prospects. UOB's NPL ratio improved to 1.7%...
