Third Quarter 2023 Financial Results Overview
Executing Against Our Strategic Priorities
Disciplined approach to resource allocation and execution of our client-focused strategy
Our Strategic Priorities
High growth, high touch segments
Grow our North American Affluent and
Private Wealth franchise
Leverage our highly connected platform
Funds managed¹ growth of
$14B (+5%) in Imperial Service
on a year-to-date basis
30% of Commercial clients have an
executive with a PWM relationship in
Canada, and 16% of strategic Commercial
clients² are also PWM clients in the U.S.
Future differentiators
Deliver leading digital banking solutions
to our Canadian customers
Core renewables and energy transition
Digital adoption rate³ of 84% in
Canadian Personal Banking,
with +32% of core retail
products being sold digitally
Net new client acquisition4
of +165K in Simplii Financial
over the last twelve months
Enabling and simplifying
Develop and enhance new and
existing Cloud capabilities
Operational efficiencies
~$100MM of efficiencies Q3YTD
through the optimization and
simplification of processes
across our business
50% of applications
operating on the Cloud
driving scale and speed
Endnotes are included on slides 46 to 51.
CIBC
Third Quarter, 2023
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