Fiscal 2023 Financial Performance
International Banking: Pacific Alliance¹
FINANCIAL PERFORMANCE AND METRICS ($MM)
Reported (Constant Dollar Basis)2,3
Q4/23
Q3/23
Q4/22
Q/Q²
Y/Y²
Revenue
$1,937
$1,985
$1,930
(2%)
Expenses
$944
$927
$929
2%
2%
Pre-Tax, Pre-Provision Profit4
$993
$1,058
$1,001
(6%)
(1%)
GEOGRAPHIC
DISTRIBUTION 7
as at Q4/23
Colombia
13%
REVENUE
$1.9Bn
Mexico
37%
Provision for Credit Losses
$455
$458
$327
(1%)
39%
Net Income Attributable to Equity Holders³
$412
$466
$585
(12%)
(30%)
Chile
30%
Peru
20%
Net Interest Margin 3,4
4.01%
3.93%
3.85%
8 bps
17 bps
Risk Adjusted Margin 4,5
2.82%
2.74%
2.97%
8 bps
Return on Equity3,4
12.5%
13.9%
15.1%
(144 bps)
(15 bps)
(260 bps)
Mexico
50%
NIAEH 3,8
Productivity Ratio6
48.7%
46.4%
47.9%
236 bps
81 bps
$412MM
Chile
Effective Tax Rate
23.0%
23.8%
11.3%
(80) bps
1,167 bps
36%
Peru
REPORTED RETURN ON EQUITY (%)
17%
Colombia
18.9%
11.3%
11.3%
5.3%
22.0%
14.4%
13.8%
23.0%
9%
Mexico
38%
16.0%
10.3%
AVERAGE
EARNING ASSETS
$162Bn
2021
Mexico
1 All figures exclude wealth management
3.3%
2022
Peru
Chile
(1.5%)
2023
Colombia
Chile
37%
Peru
17%
2 Current and prior period dollars, Y/Y and Q/Q growth rates (%) are on a constant dollar basis, while metrics and change in bps are on a reported basis
3 Refer to non-GAAP measures on page 20 of the Management's Discussion & Analysis in the Bank's 2023 Annual Report, available on http://www.sedarplus.ca
4 See non-GAAP reconciliations beginning on slide 43
5 Risk-Adjusted Margin calculated as (Net Interest Income less Provision for Credit Losses) / Average Core Earning Assets. See non-GAAP reconciliations beginning on slide 43
6 Refer to page 136 of the Management's Discussion & Analysis in the Bank's 2023 Annual Report, available on http://www.sedarplus.ca, for an explanation of the composition of the measure. Such explanation is
incorporated by reference hereto
7 May not add due to rounding
8 Colombia NIAEH is -2%
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