Canadian Personal Banking Digital Transformation
Corporate and Other
Reported ($MM)
Revenue¹
Net interest income
Non-interest income
Q3/20
YOY
QoQ
125
(41%)
(5)
NM
(5%)
NM
•
130
(14%)
86%
Non-Interest Expenses
353
8%
24%
.
Provision for Credit Losses
27
NM
(78%)
Net Income
(110)
NM
36%
•
Lower net interest income in FCIB driven by unfavourable rates, and lower fees
Treasury revenues continue to be impacted by elevated liquidity carried at a higher
cost
Lower expenses due to deferral of some strategic initiatives as a result of the
COVID-19 pandemic
Provision for Credit Losses:
•
Total PCL ratio of 104 bps
PCL ratio on impaired of 19 bps
Adjusted² ($MM)
Q3/20
YOY
QoQ
Revenue ($MM)²
Revenue¹
125
(41%)
(5%)
Net interest income
(5)
NM
NM
Non-interest income
Non-Interest Expenses
Pre-Provision Earnings³
130
(14%)
86%
(65)
280
(13%)
11%
212
(22)
(155)
(41%)
(28%)
125
Provision for Credit Losses
27
NM
(78%)
Net Income
(56)
NM
60%
Q3/19
Treasury
FCIB
Q3/20
CIBC
1 Revenue is reported on a taxable equivalent basis (TEB).
2 Adjusted results are non-GAAP financial measures. See slide 36 for further details.
3 Pre-provision earnings is revenue net of non-interest expenses and is a non-GAAP measure. See slide 36 for further details.
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