Investor Presentaiton
Canadian Banking
1
Net Income ($MM)
977
930
954
875
837
100
Q4/15
Q1/16
877
Q2/16 Q3/16 Q4/16
Gain on sale of a non-core lease financing business
•
•
Average Assets ($B)
304 307 307 310 313
10 9 8
Net Interest Margin (%)
.
2.35
2.38 2.38 2.39
•
2.26
294 298 299 303 307
Q4/15 Q1/16 Q2/16 Q3/16 Q4/16
Q4/15 Q1/16 Q2/16 Q3/16 Q4/16
Tangerine run-off mortgage portfolio
(1)
Attributable to equity holders of the Bank
(2)
Adjusting for the gain on sale of a non-core lease financing business
8
Year-over-Year Highlights
Net income up 14%
Loan growth of 3%
Ex. Tangerine run-off portfolio, up 4%
Double digit growth in credit cards
Deposits up 6%
•
Retail savings deposits were up 11%
and chequing was up 8%
NIM up 13 bps
Higher margin personal lending and
margin expansion in deposits
•
Impact of acquisition
•
Run-off of low spread Tangerine
mortgages
PCL ratio up 4 bps
Expenses up 4% or 2% excluding
acquisition
Higher spending on technology, projects
and strategic investments, partially
offset by benefits realized from cost
reduction initiatives
Operating leverage of +2.2% in 20162
Strong volume growth and
margin expansion
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