Americas Wholesale and Retail Banking Overview
Canadian Banking
Canadian Banking provides a full suite of financial advice and banking solutions, supported by an excellent customer experience, to
over 11 million Retail, Small Business and Commercial Banking customers. Canadian Banking also provides an alternative self-directed
banking solution to over 2 million Tangerine Bank customers.
Business Mix
Retail
66%
Residential
Mortgages
64%
Financial Results
$MM
Q3/21
Y/Y
Q/Q
Revenue
Average
Reported
Mix 1,2
$2.8B
34%
Business Banking
Loan Mix¹
$381B
11%
14%
Auto
Business and
9%
Government Loans 2%
Other Personal
Credit Cards
Loans
Net Income³
$1,079
152%
16%
Pre-Tax, Pre Provision Profit
$1,528
15%
10%
Revenue²
$2,795
12%
7%
Expenses²
$1,267
8%
3%
PCLS
$69
(91%)
(52%)
Adjusted Net Income 3, 4 ($MM) and NIM5 (%)
Productivity Ratio
45.3%
(160 bps)
(150 bps)
2.26%
2.26%
2.26%
2.26%
2.23%
Net Interest Margin5
2.23%
(3 bps)
(3 bps)
PCL Ratio6
0.07%
(78 bps)
(9 bps)
782
915
931
1,083
433
PCL Ratio on Impaired Loans
Adjusted4
0.14%
(22 bps)
(13 bps)
Q3/20
Q4/20
Q1/21
Q2/21
Q3/21
Net Income³
$1,083
150%
16%
Medium-Term Financial Objectives
Net Income Growth³
Target7
5%+
Pre-Tax, Pre Provision Profit
Expenses
Productivity Ratio
$1,533
15%
9%
$1,262
8%
3%
45.1%
(160 bps)
(150 bps)
Productivity Ratio
Operating Leverage
<44%
Positive
1 For the three months ended July 31, 2021; 2Reflects the adoption of leases accounting standards, IFRS16; 3 Net income attributed to equity shareholders; 4 Refer to Non-GAAP Measures on slide 80 for
adjusted results. 5 Net Interest Margin is on a reported basis; 6 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures; 73-5 year target from 2020 Investor Day
22
22View entire presentation