Fifth Third Bank 2006 Annual Report Download - page 16

Download and view the complete annual report

Please find page 16 of the 2006 Fifth Third Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 100

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100

Commercial Banking
Business Description
Fifth Third’s 1,100 commercial bankers serve clients ranging from
middle-market companies with $10 million in annual revenue to
some of the largest companies in the world. In addition to the
traditional lending and depository offerings, our products and
services include cash management, foreign exchange and
international trade finance, derivatives and capital markets services,
asset-based lending, real estate finance, public finance, commercial
leasing and syndicated finance.
Customer Focus
Fifth Third has over 150 years of commercial banking experience,
and throughout our history we have always believed in keeping
decision-making local. Through our affiliate model, keeping close to
the communities we serve, Fifth Third is able to offer the high level
of service of a local bank while maintaining the financial strength
and capabilities that come with being one of the largest banks in
the country.
We strive to offer complete financial solutions to our clients and we
believe that the focus should be on our total relationship with our
clients — not just meeting today’s needs but working with clients to
identify tomorrow’s requirements as they grow.
Strategy
Fifth Third remains committed to offering innovative and effective
solutions for our customers. We recently began offering electronic
depository services that allow customers to scan checks and
deposit them electronically from whatever location they choose.
This has allowed our clients to focus more time on improving their
business rather than on routine banking tasks and has permitted us
to serve as our customers’ depository anywhere in the country.
During 2006, we processed 5.7 million electronic deposit
transactions totaling $10.4 billion. We received deposits from 944
locations as of year-end. We continue to add value to all of our
relationships by combining our depth of experience with complete
solutions that will best meet our clients’ evolving needs.
2006 Highlights
• $1.8 billion total revenue
• $651 million net income
• 43.0 percent efficiency ratio
• $33.6 billion average loans
• $15.2 billion average core deposits
• 485 large corporate client relationships
• 4,700 middle market client relationships
• 112,000 treasury management relationships
Committed to innovation.
14