Third Quarter 2021 Investor Presentation
Global Banking and Markets
YEAR-OVER-YEAR HIGHLIGHTS
$MM
Q3/21
Y/Y
Q/Q
Reported
•
Net income down 14% (down 1% Q/Q)
Net Income¹
$513
(14%)
(1%)
Pre-Tax, Pre-Provision Profit
$633
(32%)
1%
Revenue
$1,253
(19%)
Expenses
$620
(2%)
•
PCLS
($27)
nmf
(37%)
Productivity Ratio
49.5%
940 bps
(80 bps)
PCL Ratio²
(11 bps)
(61 bps)
7 bps
PCL Ratio Impaired Loans²
3 bps
(10 bps)
(2 bps)
o Normalization in Capital Markets mainly due to lower
fixed income revenues, partially offset by a releases in
provisions for credit losses
Revenue down 19% (flat Q/Q)
。 Net interest income down 3% (up 4% Q/Q)
o Non-interest income³ down 24% (down 2% Q/Q)
Average loan growth of 1% Q/Q
1 Attributable to equity holders of the Bank
2 Includes provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures
3 Refer to Non-GAAP Measures on slide 38 for adjusted results
•
Average deposits up 5%
•
Expenses remained flat
•
Productivity ratio³ improved 80 bps Q/Q
1,3
ADJUSTED NET INCOME ¹³ ($MM) AND ROE³ (%)
17.5%
14.6%
17.3%
17.4%
16.1%
600
543
517
513
460
Q3/20
Q4/20
Q1/21
Q2/21
Q3/21
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