FY 2021 BALANCED APPROACH BETWEEN INVESTMENT AND COST MANAGEMENT
APPENDIX 7 | US SPECIALTY FINANCE & INTERNATIONAL
USSF&I Summary Results - Q4 2021
ABA Bank
FY 2021
■ Continued growth with revenues up 24%
Q4 2021
Continued growth with revenues up 25% YoY,
loans up 34% and deposits up 27%
■ Solid credit position: well-diversified portfolio,
98% secured
($MM)
ABA Bank Summary Results
Q4 21
Q3 21
Q4 20
QoQ
YOY
Revenues
139
131
111
6%
25%
Non-Interest Expenses
45
42
41
7%
10%
Pre-Tax/Pre-Provisions
94
89
70
6%
34%
"
PCL
3
10
5
Net Income
72
62
51
16%
41%
Avg Loans & Receivables
5,890
5,340
4,395
10%
34%
Avg Deposits
7,351
6,773
5,791
9%
27%
Efficiency Ratio (%)
32.4%
32.1% 36.9%
Number of clients ('000)
1,360
1,237
967
Credigy Summary Results
Q4 21
Q3 21
Q4 20
QoQ
YOY
Revenues
100
116
122
(14%)
(18%)
Non-Interest Expenses
30
36
38
(17%)
(21%)
Pre-Tax / Pre-Provisions
70
80
84
(13%)
(17%)
PCL
-
(45)
12
Net Income
55
99
57
(44%)
(4%)
Q4 2021
Avg Assets C$
7,829
7,381
7,602
6%
3%
Avg Assets US$
6,238
5,992
5,748
4%
9%
Efficiency Ratio (%)
30.0%
31.0% 31.1%
(1) Gain on sale of portfolio of $26MM accounted for in Q1-21.
Credigy
FY 2021
■ Record results supported by strong portfolio
performance and opportunistic sale of a
portfolio(1)
■ Asset growth picking up: 4% QoQ; 9% YoY
Momentum to continue through FY 2022
■ PTPP down YoY:
Performance fees to partners on over performing
portfolios
Unfavourable FX
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