National Bank of Canada (the “Bank”) (TSX: NA) today released changes to its Supplementary Financial Information for the fiscal year ended October 31, 2021, reflecting the following:
- The Bank’s Oil & Gas loan portfolio and associated
activities previously reported in the Personal and Commercial
segment have been reallocated to the Financial Markets segment. The
transfer reflects the repositioning of the portfolio towards larger
capitalizations, which are served by the Financial Markets
- Certain amounts have been reallocated between segments to be consistent with the presentation adopted by the Bank for the year beginning November 1, 2021, in line with the Bank’s historical practice.
These changes have no impact on consolidated results and will be reflected in the Bank’s 2022 first quarter results to be released on February 25, 2022.
The revised Supplementary Financial Information can be found on the Bank’s Investor Relations page at https://www.nbc.ca/en/about-us/investors/investor-relations/quarterly-results.html.