Americas Wholesale Banking Growth and M&A Advisory
Canadian Banking: Overview
Canadian Banking provides a full suite of financial advice and banking solutions, supported by an excellent customer experience, to
over 11 million Retail, Small Business and Commercial Banking customers. Through Tangerine, Canadian Banking also provides digital
banking solutions to over 2 million customers.
Business Mix
Retail
67%
Residential
Mortgages
63%
Financial Results
$MM
Q2/21
Y/Y
Q/Q
Revenue
Mix¹, 2
$2.6B
Average
Loan Mix¹
$370B
12%
14%
Auto
Business and
9%
Reported
Net Income³
$927
95%
2%
Pre-Tax, Pre Provision Profit
$1,395
7%
(3%)
Revenue
33%
Business Banking
$2,624
4%
(1%)
Government Loans 2% Other Personal
Credit Cards
Adjusted Net Income 3, 4 ($MM) and NIM5 (%)
Expenses
$1,229
1%
2%
Loans
PCLs
$145
(78%)
(32%)
Productivity Ratio
46.8%
(150 bps)
130 bps
2.33%
2.26%
2.26%
2.26%
2.26%
Net Interest Margin5
2.26%
(7 bps)
PCL Ratio6
16 bps
(61 bps)
(7 bps)
782
915
931
PCL Ratio on Impaired Loans
27 bps
(9 bps)
4 bps
481
433
Adjusted4
Q2/20
Q3/20
Q4/20
Q1/21
Q2/21
Net Income³
$931
94%
2%
Medium-Term Financial Objectives
Net Income Growth³
Target?
5%+
Pre-Tax, Pre Provision Profit
Expenses
Productivity Ratio
$1,400
7%
(3%)
$1,224
1%
2%
46.6%
(150 bps)
130 bps
Productivity Ratio
Operating Leverage
<44%
Positive
1 For the three months ended April 30, 2021; 2 Reflects the adoption of leases accounting standards, IFRS16; 3 Net income attributed to equity shareholders; 4 Adjusted for Acquisition related amounts"
5 Net Interest Margin is on a reported basis; 6 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures; 73-5 year target from 2020 Investor Day
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