Investor Presentaiton
International Banking
$MM
Q2/21
Y/Y1
Q/Q¹
Reported
Net Income²
$420
203%
12%
Pre-Tax, Pre-Provision Profit
$1,084
(5%)
(4%)
Revenue
$2,378
(6%)
(5%)
Expenses
$1,294
(6%)
(5%)
PCLS
$396
(59%)
(22%)
Productivity Ratio
54.4%
30 bps
(34 bps)
Net Interest Margin
3.95%
(33 bps)
(8 bps)
PCL Ratio³
118 bps
(160 bps)
(31 bps)
PCL Ratio Impaired Loans³
281 bps
136 bps
131 bps
Adjusted4
Net Income²
$429
165%
11%
Pre-Tax, Pre-Provision Profit
$1,095
(8%)
(4%)
Expenses
$1,283
(4%)
(5%)
PCLs
$396
(59%)
(22%)
Productivity Ratio
53.9%
146 bps
(30 bps)
•
1Y/Y and Q/Q growth rates (%) are on a constant dollar basis, while metrics and change in bps are on a reported basis
2 Attributable to equity holders of the Bank
3 Includes provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures
4 Refer to Non-GAAP Measures on slide 37 for adjusted results
•
•
YEAR-OVER-YEAR HIGHLIGHTS1
Adjusted net income 2,4 +165% (+11% Q/Q)
。 PCLs down 59% supported by improved credit quality
Revenues down 6% (-5% Q/Q)
o Lower non-interest income and margin compression
NIM down 33 bps (-8 bps Q/Q)
o Business mix changes, impact of liquidity and rate cuts
Loans down 2% (up 1% Q/Q driven by commercial and
mortgages)
o Pacific Alliance Loan Growth
。 Mortgages +8% (+2% Q/Q)
o Credit cards and personal loans -10% (-3% Q/Q)
o Commercial loans -1% (+1% Q/Q)
Adjusted expenses4 down 4%
YTD adjusted operative leverage4 of -2.3%
•
Q2/21 adjusted PTPP4 down 8% (-4% Q/Q)
ADJUSTED NET INCOME 24 ($MM) AND NIM (%)
4.28%
3.99%
3.97%
4.03%
3.95%
398
429
283
197
53
Q2/20
Q3/20
Q4/20
Q1/21
Q2/21
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