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BRIEF-Cibc Expects Slower Deposit Growth In Second Half But Retention Of Balances

Published 2019-08-22, 09:11 a/m
© Reuters. BRIEF-Cibc Expects Slower Deposit Growth In Second Half But Retention Of Balances
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Aug 22 (Reuters) - Canadian Imperial Bank of Commerce CM.TO :

* CANADIAN IMPERIAN BANK OF COMMERCE - BASED ON CURRENT RATE EXPECTATIONS, MOVING FORWARD, WE EXPECT SOME DOWNWARD PRESSURE BUT RELATIVELY STABLE NIMS - CONF CALL

* CIBC EXPECTS IMPAIRED PROVISIONS FOR CREDIT LOSSES TO BE BELOW 30 BASIS POINTS FOR FISCAL YEAR-CHIEF RISK OFFICER

* CIBC EXPECTS LOAN GROWTH ACROSS INDUSTRY TO SLOW, EXPECTS TO GROW 9-10% - CANADA COMMERCIAL BANKING HEAD

* CIBC - GOING FORWARD, ANTICIPATE ELEVATED EXPENSES IN CORPORATE AND OTHER UNIT AS WE INVEST IN DEFENSIVE AND GROWTH INITIATIVES- CONF CALL

* CIBC EXPECTS SLOWER DEPOSIT GROWTH IN SECOND HALF BUT RETENTION OF BALANCES - CONF CALL

* CIBC - IN THE U.S., EXPECTS MODEST GROWTH IN NET INTEREST INCOME IN THE MEDIUM TERM AS VOLUME GROWTH CONTINUES - CONF CALL

* CIBC EXPECTS CHANGES RELATED TO IFRS16 AND SECURITIZATION REGULATIONS TO HAVE A 10-15 BASIS POINT IMPACT ON CAPITAL IN Q1 2020

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