International Retail Loans and Provisions
International Banking
1,2
Net Income ($MM)
485
504
447
417
378
74
304
•
•
Highlights
Adjusted Net Income up 33% Y/Y2
Strong asset, deposit and fee income.
growth in Latin America
•
Lower PCLs, positive impact of FX
translation and higher contribution from
associated corporations
Loans up 17% and deposits up 19% Y/Y
•
Ex. FX translation, total loans were up
10%, while Latin America was up 15%
•
Q2/15
Q3/15 Q4/15
NIM up 2 bps Y/Y
•
Q4/14
Q1/15
Net after-tax notable items in Q4/14
Average Assets ($B)
117 120 128 129 135
Lower PCLS Y/Y
•
Higher acquisition driven retail PCLS
were offset by lower commercial PCLS
Net Interest Margin (%). Adjusted expenses up 13% Y/Y2
4.77
4.68 4.71
4.67
4.70
Q4/14 Q1/15 Q2/15 Q3/15 Q4/15
Q4/14 Q1/15 Q2/15 Q3/15 Q4/15
(1) Attributable to equity holders of the Bank
(2)
Adjusted for notable items in Q4/14 - (See Appendix - Notable Items)
9
•
.
Half the increase was due to acquisitions
and impact of foreign currency translation
Balance due to higher technology
investments, increased marketing and
inflationary increases
Operating leverage of -0.9% in 2015²
Strong asset and deposit
growth in the Latin America
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