Economic Forecasts and Performance Review
Other Regions
Leading Caribbean & Central American franchise
Caribbean & Central America
•
Longstanding, diversified franchise serving retail, commercial, and corporate customers
• Major markets include the Dominican Republic, Jamaica, Trinidad & Tobago, Costa Rica, Panama and The Bahamas
•
Sharpened geographic footprint by exiting higher risk, low growth jurisdictions including Haiti, El Salvador, Puerto Rico
and 7 of the Leeward Islands
Dominican Republic: #4 bank
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Acquired Banco Dominicano del Progreso in 2019
Asia
Thailand: 6% interest in TMB Bank
• Reduce investment in Thailand in Q1/20 resulting ~6% TMB Bank
China: 19.9% interest in Bank of Xi'an
.
CAD $815MM carrying value as of October 31, 2019
•
CAD $496MM of net income for twelve months ended October 31, 2019
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