Global Wealth Management and Banking Overview
International Banking
International Banking has a strong and diverse franchise with more than 10 million Retail, Corporate, and Commercial customers.
International Banking continues to offer significant potential for the Bank, with a geographical footprint encompassing the Pacific
Alliance countries of Mexico, Colombia, Peru and Chile as well as Central America and the Caribbean.
Business Mix
Business
Loans
53%
Financial Results
$MM
Q1/21
Y/Y²
Q/Q²
Asia
2%
Revenue
Mix¹
Credit
78% Latin
Cards 6% Loan Mix1
America
$2.6B
Auto 2%
$144B
20%
12%
C&CA
Personal
27%
Loans
Reported
Net Income³
$389
(21%)
54%
Pre-Tax, Pre Provision Profit
$1,159
(7%)
4%
Revenue
$2,561
(10%)
1%
3,6
Adjusted Net Income
Residential
Mortgages
($MM) and NIM* (%)
Expenses
$1,402
(11%)
(2%)
PCLS
$525
(5%)
(29%)
Productivity Ratio
54.7%
(100 bps)
(120 bps)
Net Interest Margin4
4.03%
(48 bps)
6 bps
4.51%
4.28%
3.99%
3.97%
4.03%
PCL Ratio5
149 bps
(8 bps)
(58 bps)
615
PCL Ratio Impaired Loans5
150 bps
5 bps
(8 bps)
59
398
283
197
Adjusted4
556
53
197
283
398
52
1
Net Income³
$398
(32%)
47%
Q1/20
Q2/20
Q3/20
Q4/20
Q1/21
Ex. Divested Ops
Medium-Term Financial Objectives
NIAT Growth6
Divested Ops
Net Income - Ex Divested Ops.³
Pre-Tax, Pre Provision Profit
$398
(24%)
47%
$1,172
(12%)
3%
Expenses
$1,389
(7%)
(2%)
PCLS
$525
10%
(29%)
Target?
9%+
Productivity Ratio
PCL Ratio5
54.2%
130 bps
(60 bps)
149 bps
13 bps
(58 bps)
Productivity Ratio
Operating Leverage
<50%
PCL Ratio Impaired Loans5
150 bps
13 bps
(8 bps)
Positive
1 For the 3 months ended January 31, 2021; 2Y/Y and Q/Q growth rates (%) are on a constant dollars basis, while metrics and change in bps are on a reported basis; 3 Attributable to equity holders of the Bank; 4Net 25
Interest Margin is on a reported basis; 5 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures; 6 Excluding divestiture impact; 73-5 year target from 2020 Investor DayView entire presentation