Financial Performance and ESG Strategy Update
Notes on slides 24-33
Slide 25- Wholesale funding geography
1.
2.
Percentages may not add up to 100% due to rounding.
"Unsecured" includes Obligation related to securities sold short, Cash collateral on securities lent and Obligations related to securities under repurchase agreements.
Slide 26 CIBC funding composition
Unsecured funding is comprised of wholesale bank deposits, certificates of deposit and commercial paper, bearer deposit notes and bankers' acceptances, senior unsecured EMTN and senior unsecured structured notes
Capital includes subordinated liabilities
1.
2.
3.
Currency composition, in Canadian dollar equivalent, of funding sourced by CIBC in the wholesale market.
4.
Percentages may not add up to 100% due to rounding. Source: CIBC 2022 Annual Report to Shareholders.
Slide 28 - Mortgage Market Performance and Urbanization Rates
1.
2.
Source: Canadian Banker's Association
Source: 2014 Census for France, 2021 Census for Canada, 2011 Census for UK, Germany; 2020 Census for US
Slide 29 Canadian House Prices
1.
2.
3.
4.
5.
Source: CREA, October 2022
1 USD = 1.3700 CAD
Source: Teranet - National Bank House Price Index
Source: OECD, 2022 or latest available. Household debt ratios across countries can be significantly affected by different institutional arrangements, among which tax regulations regarding tax deductibility of interest
payments.
Source: Bloomberg, Teranet - National Bank House Price Index
Slide 30 CIBC's Mortgage Portfolio
1.
LTV ratios for residential mortgages are calculated based on weighted average. The house price estimates for October 31, 2022 and 2021 are based on the Forward Sortation Area (FSA) level indices from the Teranet -
National Bank National Composite House Price Index (Teranet) as of September 30, 2022 and 2021, respectively. Teranet is an independent estimate of the rate of change in Canadian home prices.
Slide 32 - How Bail-in is Expected to Work
Note: Diagram shown is for illustrative purposes only. It is not to scale nor does it update the magnitude of the bail-in security to match the loss.
Slide 33
Canadian Bail-In Regime Update
1. As referenced in the Bank Recapitalization (Bail-in) Regulations: http://laws-lois.justice.gc.ca/eng/regulations/SOR-2018-57/FullText.html
Increased to 24.00% on October 31, 2021 upon increase of Domestic Stability Buffer to 2.50% (the maximum) from 1.00%
2.
CIBCâ—‡
39View entire presentation