Third Quarter 2021 Investor Presentation
International Banking
$MM
Q3/21
Y/Y1
Q/Q¹
Reported
Net Income²
$486
nmf
17%
Pre-Tax, Pre-Provision Profit
$1,063
1%
1%
Revenue
$2,362
2%
Expenses
$1,299
4%
•
PCLs
$339
(71%)
(11%)
Productivity Ratio
55.0%
90 bps
60 bps
.
Net Interest Margin
3.72%
(27 bps)
(23 bps)
PCL Ratio³
100 bps
(233 bps)
(18 bps)
PCL Ratio Impaired Loans³
208 bps
59 bps
(73 bps)
Adjusted 4
•
Net Income²
$493
nmf
17%
Pre-Tax, Pre-Provision Profit
$1,074
(2%)
1%
Expenses
$1,288
3%
4%
Productivity Ratio
54.6%
230 bps
70 bps
ADJUSTED NET INCOME 24 ($MM) AND NIM (%)
3.99%
3.97%
4.03%
3.95%
.
.
HIGHLIGHTS1
Adjusted net income 2,4 of $493 million increased 17%
Q/Q
。 PCLs down 11% Q/Q, supported by improved credit
quality
Pre-tax, pre-provision profit up 1% Q/Q; Pacific Alliance
up 8% Q/Q
Revenue up 2% Q/Q
o Higher non-interest income offset by margin
compression
NIM down 23 bps Q/Q
o Mainly driven by business mix and margin
compression in Peru and Colombia
Loans flat Q/Q or up 1% Q/Q excluding impact of
divestitures
o Commercial up 1% Q/Q
。 Mortgages up 2% Q/Q
o Credit cards and Personal Loans down 3% Q/Q
Pacific Alliance loan growth of 1% Q/Q
Adjusted expenses up 4% Q/Q
YTD adjusted operative leverage of -2.8%
3.72%
•
493
398
429
283
53
Q3/20
Q4/20
Q1/21
Q2/21
Q3/21
1 Y/Y and Q/Q growth rates (%) are on a constant dollar basis, while metrics and change in bps are on a reported basis
2 Attributable to equity holders of the Bank
3 Includes provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures
4 Refer to Non-GAAP Measures on slide 38 for adjusted results
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