CWBFG Annual Report 2022

Why invest in CWB Focused investments in our core capabilities support the unrivaled experience we provide to clients as the best full-service bank for business owners in Canada

TABLE OF CONTENTS

Message From President & CEO.....02 Message From Chair of the Board...08 Management’s Discussion and Analysis.................. 14 Consolidated Financial Statements............. 61 Shareholder Information. .......... 110 Five Year Financial Summary. ..............111

Our differentiated market position provides significant growth opportunities to serve the full-service needs of more business owners across the country

We are a disciplined lender that consistently delivers strong growth with a history of low credit losses through economic cycles

We maintain strong capital ratios and expect a successful AIRB transition to unlock the capital strength embedded in our business model

Strategic Direction We invest in key products, services, processes, and culture to provide an unrivaled client experience, be a career destination for top talent, and optimize our business to deliver enhanced shareholder value. Our strategic direction confirms our path ahead and outlines our key priorities to further strengthen our position as the best full-service bank for business owners in Canada.

BEST FULL-SERVICE BANK FOR BUSINESS OWNERS IN CANADA

ORGANIZATIONAL GOALS

Destination for top talent (People)

Optimize our business (Investors)

Unrivaled client experience (Clients)

OUR FOCUS

AIRB supported by a scalable operating model

Inclusive culture & employee experience

Elevated digital & payments capabilities

Dierentiated wealth management experience

Lower-cost funding model

Market & segment expansion

OUTCOMES

Accelerated growth of full-service client relationships

Strong core operating performance with meaningful expansion of return on equity

CWB Financial Group 2022 Annual Report | 1

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