International Retail Loans and Provisions
Global Banking and Markets
1,2
Net Income ($MM)
427
48
449
404
375
325
379
•
•
Highlights
Adjusted Net Income down 24%
Y/Y2
•
•
Lower contributions from investment
banking and equities
Higher level of PCLS
Adjusted revenue down 11% Y/Y2
Loan growth of 19% Y/Y
NIM down 13 bps Y/Y
Q2/15 Q3/15 Q4/15
Q4/14
Q1/15
Net after-tax notable items in Q4/14
•
•
Lower trade finance volumes in Asia
•
Margin compression in the U.S.,
Average Loans³ ($B)
71 70 75
Net Interest Margin (%)
63 65
1.73 1.72
1.64 1.62 1.60
•
Q4/14 Q1/15 Q2/15 Q3/15 Q4/15
Q4/14 Q1/15 Q2/15 Q3/15 Q4/15
(1)
(2)
(3)
(4)
Attributable to equity holders of the Bank
Adjusted for notable items in Q4/14 - (See Appendix - Notable Items)
Average Business & Government Loans & Acceptances
Corporate Banking only
10
·
Europe and Asia
Expenses up 2% Y/Y2
•
Higher salaries and benefits
Technology expenses
• Negative impact of FX translation
Partly offset by lower performance
based compensation
Operating leverage of -4.6% in 20152
Soft results reflective of
challenging market conditions
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