International Retail Loans and Provisions
Canadian Banking
Reported Net Income
($MM)
Adjusted Net Income
($MM)
786
863
837
863
837
759
81
705
Q4/14
Q3/15
1,2
Q4/15
Q4/14 Q3/15 Q4/15
Net after-tax notable item in Q4/14
Average Assets ($B)
295 297 298 301 304
10
16 14 13 12
Reported Net Interest
Margin (%)
2.26 2.25 2.26
2.15 2.16
279 283 285 289 294
Q4/14 Q1/15 Q2/15 Q3/15 Q4/15
Q4/14 Q1/15 Q2/15 Q3/15 Q4/15
Tangerine run-off mortgage portfolio
(1) Attributable to equity holders of the Bank
•
•
·
Highlights
Adjusted net income up 10% Y/Y2
Loan growth of 3% Y/Y
Ex. Tangerine run-off portfolio, up 5%
Double digit growth in credit cards, auto
lending and commercial banking
Deposits up 5% Y/Y
•
•
Retail chequing and savings deposit
balances up 11% and 14% respectively
Small business and commercial banking
accounts up 7%
NIM up 11 bps Y/Y
.
Higher spreads in personal lending
Run-off of lower spread Tangerine
mortgages
AUM up 9% Y/Y and AUA up 5% Y/Y
Adjusted PCLs were up 3% Y/Y2
Adjusted expenses up 6% Y/Y²
Technology investment/project spending
Volume and revenue driven growth
Positive operating leverage of 2.8% in
20152
Strong volume growth
and margin expansion
(2)
Adjusted for Q4/14 notable items - (See Appendix - Notable Items), along with the CI contribution in 2014 and change in
effective tax rate
8
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