Q1 2023 Financial Results
Reconciliation for non-GAAP Financial Measures
($ millions)
Reported Basis
Reported Basis (Constant FX)1
Peru
2019
2020
2021
2022 Q1/21
Q1/22
Q1/23
2019
2020
2021
2022
Q1/21
Q1/22
Q1/23
Revenue
2,170
2,145
1,572
1,444
467
364
425
1,957
1,953
1,667
1,517
463
399
425
Expenses
769
757
603
569
163
135
163
685
688
639
597
161
148
163
Pre-tax, pre-provision profit
1,401
1,388
969
875
304
229
262
1,272
1,265
1,028
920
302
251
262
Net income attributable to
equity holders (NIAEH)
NIAEH
NIM Calculation¹
($ millions)
Average total assets²
Less: Non-earning assets
Average total earning assets²
Less:
676
314
304
383
70
110
126
622
286
329
402
71
120
126
Peru
2020
2021
2022
Q1/22
Q1/23
32,474
2,205
30,269
28,070
28,053
26,654
29,344
1,903
26,167
1,800
26,253
1,831
24,823
1,828
27,516
Trading Assets
320
868
74
62
52
Securities purchased under resale agreements and securities borrowed
Other deductions
1,248
692
372
229
1,102
Average core earning assets²
28,701
24,607
25,807
24,532
26,362
Net Interest Income
1,696
1,179
1,152
277
326
Less: Non-core net interest income
(1)
1
13
0
0
Net interest income on core earning assets
1,696
1,178
1,139
276
325
Net interest margin
5.91%
4.79%
4.41%
4.47%
4.90%
1 Refer to non-GAAP measures on page 4 of the Management's Discussion & Analysis in the Bank's First Quarter 2023 Report to Shareholders, available on http://www.sedar.com
2 Average balances represents the average of daily balance for the period
86
98View entire presentation