International Banking Performance Overview
Canadian Banking
Top 3 bank in personal & commercial banking in Canada
•
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, Commercial Banking customers. Through Tangerine, Canadian Banking also provides digital
banking solutions to over 2 million customers.
Business Mix
Retail
75%
Residential
Mortgages
62%
Financial Results
$MM
Q3/20
Y/Y
Q/Q
Reported
Net Income³
$429
(53%)
(10%)
REVENUE
MIX1,2
$2.5B
LOAN MIX1
$356B
Credit
2%
19%
25%
Cards
17%
Business and
Personal
Loans
Commercial
AVERAGE
Pre-Tax, Pre Provision Profit
$1,328
(10%)
+2%
Revenue
$2,500
(6%)
(1%)
Expenses
$1,172
(2%)
(4%)
PCLS
$752
+212%
+12%
Government Loans
Adjusted Net Income³ ($MM) and NIM4 (%)
Productivity Ratio
46.9%
+210 bps
(140 bps)
Net Interest Margin4
2.26%
(18 bps)
(7 bps)
PCL Ratio5
0.85%
+57 bps
+8 bps
2.44%
2.36%
2.41%
2.33%
2.26%
PCL Ratio Impaired Loans5
0.36%
+6 bps
0 bps
Adjusted³
914
902
908
481
433
Net Income³
$433
(53%)
(10%)
Q3/19
Q4/19
Q1/20
Q2/20
Q3/20
Pre-Tax, Pre Provision Profit
$1,333
(10%)
+2%
Expenses
$1,167
(2%)
(4%)
Medium-Term Financial Objectives
PCLS
$752
+212%
+12%
Target6
NIAT Growth³
5%+
Productivity Ratio
<44%
Operating Leverage
Positive
Productivity Ratio
46.7%
+210 bps
(140 bps)
PCL Ratio5
PCL Ratio Impaired Loans5
0.85%
0.36%
+57 bps
+8 bps
+6 bps
O bps
1 For the three months ended July 31, 2020; 2 Reflects the adoption new leases accounting standards, IFRS16; 3 Adjusted Net income attributed to equity shareholders; 43-5 year target from 2020
Investor Day; 4 Net Interest Margin is on a reported basis; 5 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures; 63-5 year target from 2020 Investor Day;
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