Canadian Personal Banking Digital Transformation
Personal & Business Banking - continued impact from the economic shutdown
Reported ($MM)
•
Economic implications of COVID-19 continue to impact performance
•
Net interest income down 6% YoY reflecting margin compression, partially offset
by strong Deposit growth
NIM down 16 bps YoY and 6 bps QoQ
•
Deposit balances up 12% YoY
Decreased consumer activity contributing to lower fees, primarily in Cards and
Deposits
Strong focus on expense discipline in current economic environment
Provision for Credit Losses:
Total PCL ratio of 34 bps
PCL ratio on impaired of 23 bps
Revenue
Q3/20
2,056
YOY
QoQ
(8%)
(1%)
•
Net interest income
1,536
(6%)
(0%)
Non-interest income
520
(13%)
(3%)
Non-Interest Expenses
1,146
1%
(0%)
Provision for Credit Losses
220
8%
(66%)
Net Income
508
(23%)
NM
•
Adjusted¹ ($MM)
Q3/20
YOY
QoQ
Revenue
2,056
(8%)
(1%)
Net interest income
1,536
(6%)
(0%)
Non-interest income
520
(13%)
(3%)
•
Non-Interest Expenses
1,144
1%
(0%)
Pre-Provision Earnings²
912
(17%)
(2%)
Provision for Credit Losses
220
8%
(66%)
Net Income
510
(23%)
NM
Loans and Deposits ($B)
254
244
CIBC
238
Credit Card Purchase Volume ($B)
3.8
4.1
4.4
-15% YoY
-6% YOY
256
258
259
-22% YoY
178
187
200
Q3/19
Loans & Acceptances
Q2/20
Deposits
Q3/20
May
-Net Interest Margin (bps)
1 Adjusted results are non-GAAP financial measures. See slide 36 for further details.
2 Pre-provision earnings is revenue net of non-interest expenses and is a non-GAAP measure. See slide 36 for further details.
June
July
6View entire presentation