2021 Financial Highlights of the year
Total
$45.4 M
profit after tax
Treasury
$52.6 M
$23.5 M
profit after tax
Continued strong performance across all Treasury’s diverse line of business
Widened credit spreads and increased interest rates impacted net realized and unrealized gains
System Affiliates & Other
$4.3 M
$10.1 M
profit after tax
Investments in strategic initiatives included the implementation of a new accounting system together with other initiatives aimed to expand corporate efficiency
Recognized a $11.5 million fair value gain from Central 1’s investment in Concentra Bank
One-time income of $5.5 million (US $4.4 million) relating to the liquidation distribution from a prior investment
Payments & Digital Banking
Platforms and Experiences
$11.5 M
$25.0 M
loss after tax
Increase in Interac e-Transfer® volumes
Investments in strategic initiatives continued at a planned lower level
Borrowing Multiple2
14.3:1
Tier 1 Capital Ration2
15.3%
1 The Mandatory Liquidity Pool was segregated from Central 1 Credit Union effective January 1, 2021.
2 These are non-GAAP Finnacial Ratios. Refer to “Non-GAAP and other Financial Measures” section of this MD&A for information.