Economic Forecasts and Performance Review
Repositioning is Substantially Complete
P
Simplified the Bank
20 non-core (higher risk,
low growth) countries
exited since 2014
10 non-core (non-customer
facing, low return)
businesses exited since
2014
>90% of earnings
generated from America's
footprint
Improved Earnings Quality
>80% of earnings from six
core markets (Canada, the
US and Pacific Alliance)
• Targeting higher earnings
contribution from stable
P&C Banking and Wealth
Management businesses
• Targeting 65%-70% from
P&C Banking, ~15% from
Global Wealth Management
De-Risking the Bank
● Improving credit quality
metrics and generating
higher mix of earnings from
investment grade countries
• Exits from sub-investment
grade, low growth
jurisdictions
Gross impaired loans ratio
decreased from 110 bps in
2017 to 78 bps (pro forma) in
2019
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