Q1 2017 Financial Performance
International Banking
1
Net Income ($MM)
576
547
527
505
500
•
Q1/16 Q2/16 Q3/16
Q4/16 Q1/17
Year-over-Year Highlights
•
.
Net Income up 14% or 18%²
•
Good retail loan and deposit growth
Strong net interest margin and fee growth
and good expense control
Partly offset by impact of foreign currency
translation
Loans flat and deposits up 5%
•
Ex. foreign currency translation, loans up
5% (Retail up 9%) and deposits up 10%
NIM up 16 bps, driven by business mix,
acquisitions, and re-pricing following
recent rate increases
PCL ratio increased 7 bps
Expenses up 1% or 6%²
•
Acquisitions, business volumes and
inflationary increases
Partly offset by the impact of foreign
currency translation and benefits from
cost reduction initiatives
Operating leverage of +4.2%
Margin expansion and
positive operating leverage
•
Average Assets ($B)
143 145 140 142 143
Net Interest Margin (%)
4.79 4.77 4.73
.
4.69
4.57
Q1/16 Q2/16 Q3/16 Q4/16 Q1/17
Q1/16 Q2/16 Q3/16 Q4/16 Q1/17
(1) Attributable to equity holders of the Bank
(2)
Adjusting for foreign currency translation - see page 5 of MD&A for additional details
10
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