International Banking - Annual Overview
GLOBAL BANKING AND MARKETS - ANNUAL
Higher client trading activity and significantly lower credit losses
FINANCIAL PERFORMANCE AND METRICS¹ ($MM)
2017
2016
Change
.
Revenue
$4,624
$4,432
+4%
Expenses
$2,160
$2,040
+6%
PCLS
$42
$249
-83%
•
Net Income
$1,818
$1,571
+16%
Productivity Ratio
46.7%
46.0%
+70bps
Net Interest Margin
1.75%
1.67%
+8bp
•
PCL Ratio 0.05%
0.30%
-25bps
ANNUAL HIGHLIGHTS
Net Income up 16%
。 Stronger results in the equities business related to
higher client trading activity
。 Significantly lower provisions were partly offset by
higher expenses
PCL ratio improved by 25 bps
。 Driven largely by lower energy related provisions vs.
prior year
Expenses up 6%
o Regulatory and compliance costs
o Technology investments
NET INCOME¹ AND TRADING INCOME² ($MM)
1,561
1,692
1,553
1,571
FY15
1 Attributable to equity holders of the Bank
2 Trading income on an all-bank basis
1,813
1,818
FY16
FY17
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