Our Performance in 2022
Total
($69.6 M)
loss after tax
Treasury
($49.4 M)
$100.2 M
loss after tax
Continued strong interest margin across all Treasury’s lines of business
Credit spreads have widened reflective of rising interest rates, persistent inflationary pressure and geopolitical tensions which reduced the fair value of the Treasury fixed income portfolio
System Affiliates & Other
($6.5 M)
$10.8 M
loss after tax
Investments in strategic initiatives aimed to expand corporate efficiency continued in 2022
Equitable Bank closed its acquisition of Concentra Bank in November which led to Central 1 recognizing a $2.9 million gain in 2022, compared to a $11.5 million fair value gain in 2021 when Equitable Bank announced its acquisition plan
Payments & Digital Banking
Platforms and Experiences
($13.7 M)
$4.0 M
loss after tax
Consistent transaction volumes with prior year
Increased spending in strategic initiatives which is consistent with Central 1’s strategic priorities
Borrowing Multiple1
14.7:1
Tier 1 Capital Ratio1
12.4%
1 These are non-GAAP Financial Ratios. Refer to “Non-GAAP and other Financial Measures” section of the MD&A for information.
