Financial Performance and Digital Progress Update
Business Banking Loans
in $Bn
CANADIAN BANKING
COMMERCIAL 1
INTERNATIONAL BANKING
COMMERCIAL & CORPORATE 1
$Bn and Constant Dollar Basis²
81
50
84
52
62
+11%
86
98
(1%)
88
90
98
97
95
40
62
+9%
55
53
56
99
52
31
32
33
35
35
35
+14%
39
58
59
40
40
57
40
96
57
40
in $Bn
GLOBAL BANKING AND
MARKETS 1
0%
132
132
94
126
123
123
18
20
0
20
17
221
+22%
56
56
(1%)
40
40
39
39
(1%)
113
112
105
106
102
(3%)
Investment
Grade³
38%
Q4/22 Q1/23 Q2/23 Q3/23 Q4/23
38% 39% 40% 39%
Q4/22 Q1/23 Q2/23 Q3/23 Q4/23
Q4/22 Q1/23 Q2/23 Q3/23 Q4/23
41%
41%
41%
41%
41%
86%
86%
85%
84%
83%
Non-
Investment
Grade³
62%
62%
61%
60%
61%
59%
59%
59%
59%
59%
14%
14%
15%
16%
17%
Investment Grade
Non-Investment Grade4
1 All percentage changes are Y/Y; Represents Average Loans Outstanding (Business and government loans and acceptances); May not add due to rounding
2 See non-GAAP reconciliations beginning on slide 43
3 Refer to T33 in the Bank's 2023 Annual Report (Page 65) for mapping internal ratings scale to external rating agencies
4 Non-Investment grade includes non-investment grade, watch-list and default exposure
28View entire presentation