Investor Presentaiton
Canadian Banking
Net Income ($MM)
•
977
829
863
875
837
100
Q2/15 Q3/15
Q4/15
Q1/16
877
•
Q2/16
Year-over-Year Highlights
Net income up 18%, or 6% excluding
the gain on sale
Loan growth of 3%
Ex. Tangerine run-off portfolio, up 5%
Double digit growth in credit cards and
auto lending
Deposits up 7%
•
Retail chequing was up 9% and savings
deposits were up 15%
NIM up 12 bps
•
Higher margin personal lending and
margin expansion in deposits
•
Impact of acquisition
Net Interest Margin (%)
•
Run-off of low spread Tangerine
mortgages
2.38
2.35
•
PCL loss ratio up 4 bps
Gain on sale of a non-core lease financing business
Average Assets ($B)
298 301 304 307 307
13 12 10 9 8
285 289 294 298 299
2.26 2.25 2.26
Q2/15 Q3/15 Q4/15 Q1/16 Q2/16
Tangerine run-off mortgage portfolio
(1) Attributable to equity holders of the Bank
Q2/15 Q3/15 Q4/15 Q1/16 Q2/16
•
Expenses up 4% or 2% excluding
acquisition
Higher technology and project
spending, partially offset by benefits
realized from previous cost reduction
initiatives
Strong volume growth and
margin expansion
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