Investor Presentaiton
Canadian Banking
Net Income ($MM)
815
829
863
837
875
IIIII
Q1/15
Q2/15 Q3/15 Q4/15 Q1/16
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•
Highlights
Net income up 7% Y/Y
Loan growth of 4% Y/Y
Ex. Tangerine run-off portfolio, up 6%
Double digit growth in credit cards, auto
lending and commercial banking
Deposits up 7% Y/Y
.
Retail chequing was up 11% and
savings deposits were up 15%
NIM up 19 bps Y/Y
•
Impact of acquisition
•
Higher spread personal lending growth.
•
297 298 301 304 307
14 13 12 10
Average Assets ($B)
Net Interest Margin (%)
•
•
2.35
9
2.26 2.25 2.26
2.16
283 285 289 294 298
Q1/15 Q2/15 Q3/15 Q4/15 Q1/16
Tangerine run-off mortgage portfolio
(1) Attributable to equity holders of the Bank
Q1/15 Q2/15 Q3/15 Q4/15 Q1/16
Run-off of low spread Tangerine
mortgages
PCL loss ratio up 3bps Y/Y
Expenses up 9% Y/Y or 6% excluding
acquisition
Technology/business investment
Partially offset by benefits realized from
cost reduction initiatives
AUM up 4% Y/Y and AUA flat Y/Y
Flat reported operating leverage
Strong volume growth
and margin expansion
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