Investor Presentaiton
International Banking
1
Net Income ($MM)
447
417
485
504
505
•
Q1/15 Q2/15 Q3/15 Q4/15 Q1/16
Average Assets ($B)
Net Interest Margin (%)
143
135
128 129
4.77
120
4.71 4.67
4.70
4.57
Q1/15 Q2/15 Q3/15 Q4/15 Q1/16 Q1/15 Q2/15 Q3/15 Q4/15 Q1/16
(1)
Attributable to equity holders of the Bank
10
•
Highlights
Net Income up 21% Y/Y
Strong loan, deposit and fee income
growth in Latin America
•
Positive impact of FX translation
Partly offset by low tax benefits
Loans up 19% and deposits up 27% Y/Y
•
Ex. FX translation, total loans were up
12% (Latin America was up 17%) and
total deposits were up 18%
NIM down 14 bps Y/Y
•
•
Asset mix
Margin compression in Latin America,
partly offset by acquisition impact
PCL loss ratio down 19 basis points Y/Y
Expenses up 17% Y/Y, or up 6% Y/Y
excluding the impact of FX translation
and acquisitions
•
Primarily due to business volumes and
inflationary increases
Positive operating leverage of 0.9%
Strong asset and deposit
growth in Latin America
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