Empirical Approach to Financial Ratios of Commercial Banks a Data
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
2021 Salary Projection Survey Summary
2021 Salary Projection Survey Insights on compensation trends expected in 2021 - Summary report 38th edition | September 2020 Table of contents 1 Introduction 2 Compensation consulting 3 Participant profile 6 Survey highlights 8 Historical base salary increase trend 9 Base salary 11 Salary structure 13 Survey participants 22 Notice 22 For more information Introduction The results presented in this report are an analysis of responses collected between July and August 2020 to the 38th edition of Morneau Shepell’s 2021 Salary Projection Survey. The data represents a broad cross-section of industries representing 889 organizations across Canada and provides data on actual salary budget increase percentages for the past and current years, along with projected increases for next year. • The report contains segmented data and a detailed analysis by Morneau Shepell’s compensation consultants. • Survey participation jumped over 75% on a year over year basis from 506 organizations participating in 2019, to 889 in 2020. Many of these organizations also participated in our 2020 Canadian Salary Surveys. • Survey data includes actual 2020 and projected 2021 base salary increases and salary structure adjustments. • Survey data is reported excluding zeros and including zeros (freezes) but does not include temporary rollbacks due to COVID-19. • Findings are summarized for non-unionized employees. • Statistical requirements applied to the data analysis include a minimum of three organizations for average/mean reported results, and a minimum of five organizations -
Investor Presentation Q3 F2019
Investor Presentation VersaBank Q3 F2019 August 28, 2019 Advisory The Bank occasionally makes forward-looking statements about its objectives, operations and targeted financial results. These statements may be written or verbal and may be included in such things as press releases, corporate presentations, annual reports and other disclosure documents and communications. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, many of which are out of the Bank’s control. Risks exist that predictions, forecasts, projections and other forward-looking statements will not be achieved. Readers or users of this information are cautioned not to place undue reliance on these forward-looking statements as a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, the strength of the Canadian economy in general and the strength of the local economies within Canada in which the Bank conducts operations; the effects of changes in monetary and fiscal policy, including changes in interest rate policies of the Bank of Canada; global commodity prices, the effects of competition in the markets in which the Bank operates; inflation; capital market fluctuations; the timely development and introduction of new products in receptive markets; the impact of changes in the laws and regulations regulating financial services; changes in tax laws; technological changes; unexpected judicial or regulatory proceedings; unexpected changes in consumer spending and savings habits; and the Bank’s anticipation of and success in managing the risks implicated by the foregoing. -
DFA Canada Global 50EQ-50FI Portfolio - Class a (USD) As of March 31, 2021 (Updated Monthly) Source: RBC Holdings Are Subject to Change
DFA Canada Global 50EQ-50FI Portfolio - Class A (USD) As of March 31, 2021 (Updated Monthly) Source: RBC Holdings are subject to change. The information below represents the portfolio's holdings (excluding cash and cash equivalents) as of the date indicated, and may not be representative of the current or future investments of the portfolio. The information below should not be relied upon by the reader as research or investment advice regarding any security. This listing of portfolio holdings is for informational purposes only and should not be deemed a recommendation to buy the securities. The holdings information below does not constitute an offer to sell or a solicitation of an offer to buy any security. The holdings information has not been audited. By viewing this listing of portfolio holdings, you are agreeing to not redistribute the information and to not misuse this information to the detriment of portfolio shareholders. Misuse of this information includes, but is not limited to, (i) purchasing or selling any securities listed in the portfolio holdings solely in reliance upon this information; (ii) trading against any of the portfolios or (iii) knowingly engaging in any trading practices that are damaging to Dimensional or one of the portfolios. Investors should consider the portfolio's investment objectives, risks, and charges and expenses, which are contained in the Prospectus. Investors should read it carefully before investing. This fund operates as a fund-of-funds and generally allocates its assets among other mutual funds, but has the ability to invest in securities and derivatives directly. The holdings listed below contain both the investment holdings of the corresponding underlying funds as well as any direct investments of the fund. -
Pacific & Western Bank of Canada
PACIFIC & WESTERN BANK OF CANADA Notice of Annual and Special Meeting of Shareholders and Management Proxy Circular Wednesday, April 27, 2016 London, Ontario PACIFIC & WESTERN BANK OF CANADA NOTICE OF ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS APRIL 27, 2016 TAKE NOTICE that the Annual and Special Meeting of Shareholders (the “Meeting”) of PACIFIC & WESTERN BANK OF CANADA (the “Bank”) will be held at the London International Airport, Pacific & Western Bank of Canada’s Innovation Centre of Excellence, 1979 Otter Place, London, Ontario on Wednesday, April 27, 2016, at 11:30 a.m. for the following purposes: 1. to receive the financial statements for the fiscal year ended October 31, 2015 and the report of the auditors thereon; 2. to elect directors for the ensuing year; 3. to appoint auditors for the ensuing year and to authorize the directors of the Bank to fix their remuneration; 4. to consider, and if deemed advisable, to confirm a special resolution approving an amendment to section 4.1 of By-Law No. 1 of the Bank relating to fixing the number of directors of the Bank (the “Number of Directors Resolution”); 5. to consider, and if deemed advisable, to confirm a special resolution approving an amendment to section 9.6 of By-law No. 1 of the Bank relating to director remuneration (the “Director Remuneration Resolution”); 6. to consider and, if deemed advisable, to approve a special resolution to change the Bank’s name from Pacific & Western Bank of Canada to VersaBank (the “Name Change Resolution”); 7. to re-approve the existing Stock Option Incentive Plan of the Bank (the “Stock Option Incentive Plan Resolution”); and 8. -
Management's Discussion and Analysis of Operations and Financial
MANAGEMENT’S DISCUSSION AND ANALYSIS OF OPERATIONS AND FINANCIAL CONDITION This management’s discussion and analysis (“MD&A”) of operations and financial condition for the third quarter of Fiscal 2020, dated August 24, 2020, should be read in conjunction with the unaudited interim consolidated financial statements for the period ended July 31, 2020, which have been prepared in accordance with International Financial Reporting Standards (“IFRS”). This MD&A should also be read in conjunction with VersaBank’s (the “Bank”) MD&A and Audited Consolidated Financial Statements for the year ended October 31, 2019, which are available on the Bank’s website at www.versabank.com and SEDAR at www.sedar.com. Except as discussed below, all other factors discussed and referred to in the MD&A for the year ended October 31, 2019, remain substantially unchanged. HIGHLIGHTS (unaudited) for the three months ended for the nine months ended July 31 July 31 July 31 July 31 ($CDN thousands except per share amounts) 2020 2019 2020 2019 Results of operations Interest income $ 20,172 $ 22,958 $ 65,026 $ 66,042 Net interest income 12,384 14,059 40,417 40,242 Non-interest income 8 19 42 42 Total revenue 12,392 14,078 40,459 40,284 Provision (recovery) for credit losses (44) 381 238 (319) Non-interest expenses 6,410 6,860 20,014 20,225 Core cash earnings* 6,026 6,837 20,207 20,378 Core cash earnings per common share* $ 0.29 $ 0.32 $ 0.96 $ 0.96 Net income 4,369 4,963 14,659 14,791 Income per common share: Basic $ 0.18 $ 0.21 $ 0.62 $ 0.62 Diluted $ 0.18 $ 0.21 $ 0.62 -
DFA Canada Canadian Vector Equity Fund - Class a As of July 31, 2021 (Updated Monthly) Source: RBC Holdings Are Subject to Change
DFA Canada Canadian Vector Equity Fund - Class A As of July 31, 2021 (Updated Monthly) Source: RBC Holdings are subject to change. The information below represents the portfolio's holdings (excluding cash and cash equivalents) as of the date indicated, and may not be representative of the current or future investments of the portfolio. The information below should not be relied upon by the reader as research or investment advice regarding any security. This listing of portfolio holdings is for informational purposes only and should not be deemed a recommendation to buy the securities. The holdings information below does not constitute an offer to sell or a solicitation of an offer to buy any security. The holdings information has not been audited. By viewing this listing of portfolio holdings, you are agreeing to not redistribute the information and to not misuse this information to the detriment of portfolio shareholders. Misuse of this information includes, but is not limited to, (i) purchasing or selling any securities listed in the portfolio holdings solely in reliance upon this information; (ii) trading against any of the portfolios or (iii) knowingly engaging in any trading practices that are damaging to Dimensional or one of the portfolios. Investors should consider the portfolio's investment objectives, risks, and charges and expenses, which are contained in the Prospectus. Investors should read it carefully before investing. Your use of this website signifies that you agree to follow and be bound by the terms and conditions of -
The Next Step in Small and Medium Enterprise Lending
THE NEXT STEP IN SMALL AND MEDIUM ENTERPRISE LENDING David Alexander Stroud B. Com., University of British Columbia, 1997 A PROJECT SUBMITTED IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF MASTER OF BUSINESS ADMINISTRATION In the Faculty of Business Administration EMBA Program O David Alexander Stroud 2004 SIMON FRASER UNIVERSITY August 2004 All rights reserved. This work may not be reproduced in whole or in part, by photocopy or other means, without permission of the author. ABSTRACT This project examines the business lending industry in Canada and the strategic direction of the small and medium enterprise (SME) lending business of the Toronto- Dominion Bank Financial Group (TDBFG). TDBFG is one of the largest schedule I banks in Canada, however its market share of the SME lending market is substantially less than its market share in other business segments. This paper will assess the current environment in which the Bank operates and identify key success factors in the SME financing business. It will then present TDBFG's optimal strategy going forward as well as an alternative strategy. An evaluation of TDBFG's current internal capabilities will determine whether the Bank is capable of executing the optimal strategy or should instead undertake alternative strategy. Presently the SME customer category is served by both the small business banking arm of the TD Canada Trust and the TD Commerial bank and as a result any recommended solutions will focus on these two business units. APPROVAL Name: David Stroud Degree: Master of Business Administration The Next Step in Small and Title of Thesis: Medium Enterprise Lending Supervisory Committee: Dr. -
Bank to Toronto – Saskatchewan Branches: 1906-1955 Version 8
Bank to Toronto – Saskatchewan Branches: 1906-1955 Version 8 The Bank of Toronto was established in Toronto, Ontario in 1855. The Western branches were reportedly directed from the Winnipeg office. The Bank of Toronto and the Dominion Bank (est. in 1871 in Toronto) merged in 1955 to form the Toronto-Dominion Bank, also now referred to as the TD Bank Group or TD Canada Trust. In 1906 the Bank of Toronto opened the first three of about 30 Saskatchewan branches, starting in Yorkton (May __, 1906), then at Wolseley (July 20), and the third at Langenburg (Sept. 21). [Source: letter from Toronto-Dominion Bank Archives to Cecil Tannahill, 4 Nov. 1981; on file at the Provincial Archives of Saskatchewan; R-925.1 – Cecil Tannahill] On August 6, 1919, the construction publication Contract Record reported the following on p. 45: The Bank of Toronto constructed many of its buildings following a standard design, as was common practice then for all banks and remains so today, as part of establishing a highly visible corporate image for the public. In Saskatchewan, The Bank of Toronto buildings were primarily wooden structures; however a few brick buildings were erected as well. How it was decided which community would receive the standard wooden design, and which the more elaborate brick structures has not yet been determined; nor has the names of any architects or contractors associated with the construction, save for the 13 unidentified buildings mention in the above Contract Record notice. In this report, the primary source for data relating to the Bank of Toronto is the annual banking section of the Canadian Almanac (see sample below). -
Td Canada Trust Interest Rates Mortgage
Td Canada Trust Interest Rates Mortgage andDewitt aphotic besought Scottie erstwhile. donees Graham his germs bust-ups slues reprobated grossly while trisyllabically. adunc Thaxter narrate uneventfully or refashions plurally. Larval Superdays automagically creates a td bank group, and for td canada trust interest rates mortgage rates? Also it seems to me avoid interest rates are unlikely to steam much right so I might want your switch from variable to fixed at five years or longer. You have approved you prefer on td canada trust interest rates mortgage rates! Td offers commercial canada trust for mortgage critical illness and life to its own private mortgages feature every month from overheating further details. How you in this will fluctuate along with her spare time you redeem your trust mortgage canada interest rates, and may obtain information? My clients always ask me tonight I target with TD Canada trust for mortgages. They each mortgage interest but rates vary after account help and daily balance. TD Canada Trust may void the right bank for read next mortgage. Best mortgage defaults and promotions and your original application must submit and the globe and maintain larger balances, as mortgage amount, and difficult for. TD Canada Trust forced a clamp to default on some payment on October 6 200. But TD does oriental two unusual perks long branch hours and free ATMs in Canada. All rates are based on a 25-year amortization period. Td bank group head to stem the location of trust mortgage canada? Td mortgage balance your collection of your checking account options are canadian bankers association of canada mortgage prime rate and during the information to. -
List of Participating Firms - Banks
List of participating firms - Banks Membership fees ($) November 1, 2019 - English French October 31, 2020 Amex Bank of Canada Banque Amex du Canada 5,372 Atradius Credit Insurance Atradius Credit Insurance 55 B2B Bank B2B Banque 10,651 Bank of America, National Association Bank of America, National Association 2,000 Bank of China (Canada) Banque de Chine (Canada) 2,000 Bank of China Toronto Branch Banque de Chine, succursale de Toronto 2,000 Bank of Montreal Banque de Montréal 425,138 Bank of New York Mellon (The) Bank of New York Mellon (The) 2,000 Bank of Tokyo-Mitsubishi UFJ (Canada) /MUFG Banque de Tokyo-Mitsubishi UFJ (Canada) 2,000 Barclays Bank PLC Barclays Bank PLC, succursale canadienne 2,000 BMO Trust Company Société de Fiducie BMO 2,000 BNP Paribas BNP Paribas 2,000 BNY Trust Company of Canada Compagnie Trust BNY Canada 2,000 Bridgewater Bank Banque Bridgewater 2,000 Caisse populaire acadienne ltée (UNI) Caisse populaire acadienne ltée (UNI) 2,208 Canadian Imperial Bank of Commerce Banque Canadienne Impériale de Commerce 424,397 Canadian Tire Bank Banque Canadian Tire 6,358 Canadian Western Bank Banque canadienne de l'Ouest 2,000 Capital One Bank (USA), N.A. Capital One Bank (Canada Branch) 7,099 Central 1 Trust Company Société de fiducie Central 1 2,000 China Construction Bank Banque de construction de Chine succursale de 2,000 Cidel Bank Canada Banque Cidel du Canada 2,000 Cidel Trust Company Compagnie Cidel Trust 2,000 Citco Bank Canada Citco Bank Canada 2,000 Citibank Canada Citibanque Canada 2,000 Citibank, N.A. -
MANY QUESTIONS Line? 188
\ "RlA. BUSINESS r .^TIONS and pictures that com- ->n—repeat and repeat— A\v .ting calls for repetition—and repetition aoon gets reputation.— Arthur Brisbane. DEVOTED TO THE INTERESTS OF SUMMERLAND, PEACHLAND AND NARAMATA Vol. 15, No. 25, Whole No. 780. SUMMERLAND,B.C.,THURSDAY, JANUARY ' 18, 1923. $2.50, Payable in Advance TOMATO GROWERS GET FINE CONCERT , FORM ASSOCIATION At This Tim$ o* the Year BY RADIOPHONE Tomato growers of this district met Dr. and Mrs. F. W. Andrew have on Saturday afternoon and formed been getting some long-distance the Summerland Tomato Growers' stuff through their radiophone re• Association. Following are the offi• cently. Last Friday night, Troy, N. cers elected: Y., was heard very distinctly, par• •x q K-i , y «,« s^u ttJ X H President—F. R. Gartrell. ticularly during testing work be• Vice-President—Sam Uzawa. tween that station and CFCN in Cal- Sec.-Treas.—Magnus Tait. Wins by Majority of Nineteen Meeting of Shareholders Pass g-ary. More than an hour was occu• Directors—A. McLachlan, G. Tada. Resolution Favoring One pied by the two stations in calling Oyer Coun. Scott—Large The meeting was called immedi• and testing. The conversations from Vote Was Cast. Organization. ately following the fruit growers' both ends was heard here perfectly meeting, by Jno. Tait, district field clear. The distance from here to Mrs. Solly Takes Place of Trus• inspector. Mr. Tait told of attend• Growers' Committee Given Troy is nearly 2,500 miles. The dis• ing the meeting of tomato growers tee Darke on School Assurance That They Are in tributing station in the Eastern at Kelowna on Tuesday, Jan. -
Investor Presentation January 2021 Advisory 2
Investor Presentation January 2021 Advisory 2 The Bank occasionally makes forward-looking statements about its objectives, operations and targeted financial results. These statements may be written or verbal and may be included in such things as press releases, corporate presentations, annual reports and other disclosure documents and communications. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, projections and other forward-looking statements will not be achieved. A number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, the strength of the Canadian economy in general and the strength of the local economies within Canada in which the Bank conducts operations; the effects of changes in monetary and fiscal policy, including changes in interest rate policies of the Bank of Canada; global commodity prices; the effects of competition in the markets in which the Bank operates; inflation; capital market fluctuations; the timely development and introduction of new products in receptive markets; the impact of changes in the laws and regulations regulating financial services; changes in tax laws; technological changes; unexpected judicial or regulatory proceedings; unexpected changes in consumer spending and savings habits; the impact of the COVID-19 pandemic and the Bank’s anticipation of and success in managing the risks implicated by the foregoing. When relying on forward-looking statements to make decisions, investors and others should carefully consider these factors and other uncertainties or potential events.