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92 | BMO Financial Group 191st Annual Report 2008
Supplemental Information
SUPPLEMENTAL INFORMATION
Table 6: Other Statistical Information
As at or for the year ended October 31 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999
Other Information
Employees (1) 37,073 35,827 34,942 33,785 33,593 33,993 34,568 34,693 33,884 33,464
Bank branches 1,280 1,224 1,182 1,180 1,174 1,142 1,134 1,129 1,135 1,198
Automated banking machines (Canada) 2,026 1,978 1,936 1,952 1,993 2,023 2,000 1,982 1,987 2,039
Rates
Average Canadian prime rate (%) 5.21 6.08 5.57 4.30 4.05 4.69 4.15 6.55 7.05 6.49
Average U.S. prime rate (%) 5.69 8.19 7.76 5.85 4.17 4.17 4.79 7.68 9.18 8.00
Canadian/U.S. dollar exchange rates ($)
High 1.29 1.19 1.20 1.27 1.40 1.59 1.61 1.49 1.44 1.45
Low 0.92 0.95 1.10 1.16 1.22 1.30 1.51 1.59 1.53 1.56
Average 1.03 1.09 1.13 1.21 1.31 1.44 1.57 1.54 1.48 1.50
End of period 1.20 0.94 1.12 1.18 1.22 1.32 1.56 1.59 1.52 1.47
(1) Reflects full-time equivalent number of employees, comprising full-time and part-time employees and adjustments for overtime hours.
Table 7: Revenue and Revenue Growth ($ millions, except as noted)
5-year 10-year
For the year ended October 31 2008 2007 2006 2005 2004 CAGR CAGR
Net Interest Income 5,087 4,843 4,744 4,787 4,798 1.3 2.6
Year-over-year growth (%) 5.0 2.1 (0.9) (0.2) 0.4 na na
Net Interest Margin (1)
Average earning assets 326,803 304,471 261,461 243,196 225,718 8.8 4.7
Net interest margin (%) 1.56 1.59 1.81 1.97 2.13 na na
Canadian dollar net interest margin (%) 2.00 2.12 2.39 2.45 2.60 na na
U.S. dollar and other currencies net interest margin (%) 0.92 0.80 0.84 1.16 1.42 na na
Non-Interest Revenue
Securities commissions and fees 1,105 1,145 1,051 1,092 1,055 4.3 5.3
Deposit and payment service charges 756 728 729 734 746 – 3.1
Trading revenues (losses) 546 (487) 718 496 200 14.7 nm
Lending fees 429 406 337 313 317 7.9 4.0
Card fees 291 107 396 334 261 0.1 4.0
Investment management and custodial fees 339 322 298 305 307 2.2 (1.8)
Mutual fund revenues 589 576 499 437 378 12.9 11.4
Securitization revenues 513 296 100 113 177 16.0 12.5
Underwriting and advisory fees 353 528 407 357 343 5.6 5.2
Securities gains (losses), other than trading (315) 246 145 165 175 50.4 12.4
Foreign exchange, other than trading 80 132 102 97 177 (12.8) (2.5)
Insurance income 222 230 204 162 139 12.2 13.6
Other revenues 210 277 255 447 276 (8.8) 4.2
Total non-interest revenue 5,118 4,506 5,241 5,052 4,551 3.9 5.1
Year-over-year growth (%) 13.6 (14.0) 3.8 11.0 7.8 7.6 (7.1)
Non-interest revenue as a % of total revenue 50.2 48.2 52.5 51.3 48.7 46.9 45.5
Total Revenue 10,205 9,349 9,985 9,839 9,349 2.6 3.8
Year-over-year growth (%) 9.2 (6.4) 1.5 5.3 3.9 4.2 0.3
(1) Net interest margin has been calculated based on earning assets rather than total assets.
nm –not meaningful
na –not applicable