Investor Presentaiton
STRONG CAPITAL POSITION WHILE GENERATING ROBUST RWA GROWTH
CET1 Ratio(1)
0.69%
13.47%
(0.28%)
0.15%
0.04%
(0.58%)
13.11%
(0.38%)
Q4 23
Net Dividends (2) RWA
income (2)
Other
Other
Q1 24
FRTB
ex. FX and CVA methodology
updates
Risk-Weighted Assets (1)
($MM)
$125,592
Strong CET1 ratio of 13.1%
Strong organic capital generation (+41 bps) and
robust organic RWA growth (-58 bps)
-
Methodology updates (-23 bps)
Adoption of FRTB and CVA reforms (-38 bps, in line
with expectations)
Partly offset by continuous refinements (+15 bps)
IFRS 17 adoption (-5 bps)
$2,209
$599
$5,424
($1,102)
$132,370
($352)
ā
Q4 23
Credit Risk
ex. CVA and
Market Risk
ex. FRTB
Operational
Risk (3)
Methodology
updates (4)
(5)
FX
Q1 24
other metho.
Robust organic RWA growth of 58 bps
Credit risk RWA up $5,424MM (ex. CVA and other
methodology updates)
Strong asset growth (-51 bps), primarily driven by
Credigy, Commercial and Corporate Banking
Credit migration in retail and non-retail books (-5 bps)
(1) Represents a capital management measure. See slide 2.
(2) Net income attributable to common shareholders; Dividends on common shares.
(3) Primarily reflecting litigation expenses recorded in Q4 2023 (+4 bps).
(4) Adoption of FRTB (-50 bps); adoption of CVA (+12 bps); continuous refinements (+15 bps).
(5) Variation in RWA from foreign exchange translation has a negligible impact on the CET1 ratio, as the movement is offset by the gain/loss on net foreign currency
translation adjustments accounted for in other comprehensive income.
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