Global Wealth Management and Banking Overview
Canadian Banking: Overview
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. Through Tangerine, Canadian Banking also provides digital
banking solutions to over 2 million customers.
Business Mix
Retail
67%
Residential
Mortgages
63%
Financial Results
$MM
Q1/21
Y/Y
Q/Q
Revenue
Average
Reported
Mix 1,2
$2.6B
33%
Business Banking
Business and
Government Loans Credit Other Personal
Adjusted Net Income³ ($MM) and NIM4 (%)
Loans
Loan Mix¹
$366B
12%
14%
Auto
2% 9%
Net Income³
$911
7%
17%
Pre-Tax, Pre Provision Profit
$1,444
(2%)
5%
Revenue
$2,648
(2%)
3%
Expenses
$1,204
(2%)
2%
Cards
PCLS
$215
(33%)
(35%)
Productivity Ratio
45.5%
(10 bps)
(70 bps)
2.36%
2.33%
2.26%
2.26%
2.26%
Net Interest Margin4
2.26%
(10 bps)
PCL Ratio5
0.23%
(13 bps)
(14 bps)
908
782
915
PCL Ratio on Impaired Loans5
0.23%
(7 bps)
(4 bps)
481
433
Adjusted³
Q1/20
Q2/20
Q3/20
Q4/20
Q1/21
Net Income³
$915
1%
17%
Pre-Tax, Pre Provision Profit
$1,450
(2%)
5%
Medium-Term Financial Objectives
NIAT Growth³
Expenses
$1,198
(2%)
2%
Productivity Ratio
Operating Leverage
Target6
5%+
<44%
Positive
PCLs
$215
(14%)
(35%)
Productivity Ratio
45.3%
(10 bps)
(70 bps)
PCL Ratio5
0.23%
(5 bps)
(14 bps)
PCL Ratio on Impaired Loans5
0.23%
(6 bps)
(4 bps)
1 For the three months ended January 31, 2021; 2 Reflects the adoption of new leases accounting standards, IFRS16; 3 Adjusted Net income attributed to equity shareholders; 4 Net Interest Margin is on a
reported basis; 5 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures; 63-5 year target from 2020 Investor Day
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