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CIBC Retail Markets

CIBC Retail Markets

CIBC Retail Markets comprises CIBC’s personal banking, business banking and wealth management businesses. We provide a range of financial products, services and advice to nearly 11 million clients in Canada and the Caribbean, as well as investment management services globally to retail and institutional clients in Hong Kong, Singapore and the Caribbean.

Our objective is to be the primary financial institution for our clients, consolidating their business with us by delivering what matters most – excellent service, strong financial advice and competitive products. The strength of our retail franchise is evident in our market leadership in key areas where CIBC Retail Markets currently holds #1, #2 or #3 market positions in six of our eight product categories.

 

 

Excellent service, strong financial advice and competitive products

 

$9.7 Billion Revenue, $2.2 Billion Net Income, $363.7 Billion Funds Managed, $197.8 Billion Wealth management assets under administration

 

Personal Banking - 2010 Highlights

  • CIBC ranks #1 in credit cards outstandings, #2 in mortgages and #3 in deposits
  • Delivered 5% growth in funds managed
  • Acquired a $2.0 billion MasterCard portfolio to become largest dual credit card issuer in Canada
  • First bank in Canada to launch a mobile banking App for iPhone
  • Opened or expanded 35 branches across Canada
  • Introduced CIBC Advantage Debit Card™ – the first Visa Debit card in Canada, as well as CIBC eAdvantage Savings Account and CIBC EverydayPlus Chequing Account

Business Banking - 2010 Highlights

  • CIBC ranks #3 in deposits and #4 in lending
  • Grew funds managed by 6%
  • New leadership and renewed focus on business banking
  • Acquired 100% of asset-based lending business
  • Only major bank in Canada to offer unlimited day-to-day transactions for small business through the CIBC Unlimited Business Operating Account

Wealth Management - 2010 Highlights

  • CIBC ranks #2 in managed solutions and full service brokerage
  • Record long-term net sales growth
  • Strong fund performance
  • Announced new low pricing for CIBC Investor’s Edge online brokerage clients
  • Strong investment fund offering providing clients with significant choice
  • Growth in high net worth client base

 

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