Accelerating full-service client growth
Q1 2022 - February 25, 2022
Advisory
Forward-looking Statements
From time to time, we make written and verbal forward-looking statements. Statements of this type are included in our Annual Report and reports to shareholders and may be included in filings with Canadian securities regulators or in other communications such as media releases and corporate presentations. Forward-looking statements include, but are not limited to, statements about our objectives and strategies, targeted and expected financial results and the outlook for CWB's businesses or for the Canadian economy. Forward-looking statements are typically
identified by the words "believe", "expect", "anticipate", "intend", "estimate", "may increase", "may impact", "goal", "focus", "potential", "proposed" and other similar expressions, or future or conditional verbs such as "will", "should", "would" and "could".
By their very nature, forward-looking statements involve numerous assumptions and are subject to inherent risks and uncertainties, which give rise to the possibility that our predictions, forecasts, projections, expectations and conclusions will not prove to be accurate, that our assumptions may not be correct, and that our strategic goals will not be achieved.
A variety of factors, many of which are beyond our control, may cause actual results to differ materially from the expectations expressed in the forward-looking statements. These factors include, but are not limited to, general business and economic conditions in Canada, including housing market conditions, the volatility and level of liquidity in financial markets, fluctuations in interest rates and currency values, the volatility and level of various commodity prices, changes in monetary policy, changes in economic and political conditions, material changes to trade agreements, transition to the Advanced Internal Ratings Based (AIRB) approach for regulatory capital purposes, legislative and regulatory developments, legal developments, the level of competition, the occurrence of natural catastrophes, outbreaks of disease or illness that affect local, national or international economies, supply chain disruptions, changes in accounting standards and policies, information technology and cyber risk, the accuracy and completeness of information we receive about customers and counterparties, the ability to attract and retain key personnel, the ability to complete and integrate acquisitions, reliance on third parties to provide components of business infrastructure, changes in tax laws, technological developments, unexpected changes in consumer spending and saving habits, timely development and introduction of new products, and our ability to anticipate and manage the risks associated with these factors. It is important to note that the preceding list is not exhaustive of possible factors.
Additional information about these factors can be found in the Risk Management sections of our annual MD&A. These and other factors should be considered carefully, and readers are cautioned not to place undue reliance on these forward-looking statements as a number of important factors could cause our actual results to differ materially from the expectations expressed in such forward-looking statements. Any forward-looking statements contained in this document represent our views as of the date hereof. Unless required by securities law, we do not undertake to update any forward-looking statement, whether written or verbal, that may be made from time to time by us or on our behalf. The forward-looking statements contained in this document are presented for the purpose of assisting readers in understanding our financial position and results of operations as at and for the periods ended on the dates presented, as well as our strategic priorities and objectives, and may not be appropriate for other purposes.
Assumptions about the performance of the Canadian economy over the forecast horizon and how it will affect our business are material factors considered when setting organizational objectives and targets. In determining expectations for economic growth, we consider our own forecasts, economic data and forecasts provided by the Canadian government and its agencies, as well as certain private sector forecasts. These forecasts are subject to inherent risks and uncertainties that may be general or specific. The impact that COVID-19, including the evolving government and public health authority response to the outbreak, will continue to have on the Canadian economy and our business is uncertain and difficult to predict at this time. Where relevant, material economic assumptions underlying forward-looking statements are disclosed within the Outlook and Allowance for Credit Losses sections of this MD&A and our 2021 Annual MD&A, which is available on SEDAR at www.sedar.com.
CWB Financial Group | 2 |
Table of Contents
Our aspiration
To be the best full-service bank for business owners in Canada
Our values
People first Relationships get results Embrace the new
The how matters Inclusion has power
Why invest in CWB? | 4 |
Our value proposition and | 5 |
strategic priorities | |
Our digital experience | 12 |
Diversification opportunities | 15 |
Funding and capital | 18 |
Financial performance, credit, and | 23 |
outlook | |
Diversified business lines | 30 |
Contact information | 34 |
CWB Financial Group | 3 |
Why invest in CWB?
We are positioned to be a disruptive force in Canadian financial services, deliver profitable long-term growth and provide attractive, sustainable returns to investors
We are the | Investments in | We are | Our capital | We are a | ||||||||||||||
only | our digital | capitalizing on | ratios have | disciplined | ||||||||||||||
full-service | client | a significant | remained | lender that | ||||||||||||||
bank in Canada | experience | opportunity to | stable through | delivers strong | ||||||||||||||
with a focus to | position us for | grow our | economic | growth within | ||||||||||||||
meet the | continued | brand and | volatility, with | our prudent | ||||||||||||||
unique | strong full- | market share | upside | risk appetite | ||||||||||||||
financial needs | service client | in Ontario | expected with | with a history | ||||||||||||||
of business | growth | a successful | of low write- | |||||||||||||||
owners | AIRB transition | offs | ||||||||||||||||
CWB Financial Group | 4 |
Our value proposition
We are the only full- service bank in Canada with a focus to meet the unique financial needs of business owners
CWB Financial Group | 5 |
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Canadian Western Bank published this content on 25 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2022 20:49:13 UTC.