Energy Portfolio and Canadian Mortgage Overview
Repositioning is Substantially Complete
P
Simplifying the Bank
Exited 22 non-core (higher
risk, low growth) countries
since 2014
Sold 10 non-core (non-
customer facing, low return)
businesses since 2014
~95% of earnings
generated from America's
footprint
Improving Earnings Quality
~85% 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 70% from P&C
Banking, 15% from Global
Wealth Management, and 15%
from Global Banking and
Markets
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 77 bps in 2020
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