TD Bank 2005 Annual Report Download - page 31

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TD BANK FINANCIAL GROUP ANNUAL REPORT 2005 Management’s Discussion and Analysis 27
BUSINESS SEGMENT ANALYSIS
Canadian Personal and Commercial Banking
Canadian Personal and Commercial Banking comprises the Bank’s
personal and business banking business in Canada as well as the Bank’s
global insurance operations (excluding the U.S.). Under the TD Canada Trust brand,
the retail operations provide a full range of financial products and services to
approximately 10 million personal and small business customers.
1Other revenue includes internal commissions on sales of
mutual funds and other Wealth Management products,
fees for foreign exchange, safety deposit box rentals and
other branch services.
Revenues
(millions of Canadian dollars) 2005 2004 2003
Insurance, net of claims $ 861 $ 659 $ 446
Real estate secured lending 921 815 748
Business banking 1,415 1,308 1,300
Consumer lending 1,262 1,190 1,143
Personal deposits 2,000 1,988 2,004
Other1244 260 213
Total $6,703 $6,220 $5,854
$1,702
(millions of Canadian dollars)
Net income
before amortization
of intangibles
03 04 05
0
$2,000
1,000
1,500
500
56.3%
(percent)
Efficiency ratio
before amortization
of intangibles
03 04 05
60%
50
40
30
20
10
0
$1,038
(millions of Canadian dollars)
Economic profit
03 04 05
$1,200
600
800
1,000
400
200
0