CWBFG Annual Report 2023

CAPITAL STRUCTURE AND REGULATORY CAPITAL RATIOS

2023

2022

Regulatory Capital, Net of Deductions Common equity Tier 1 (1)

$

3,157,495

$

2,861,456

Tier 1 (1)

3,732,495

3,436,456

Total

4,388,046

3,925,118

Capital Ratios

Common equity Tier 1

9.7 %

8.8 %

Tier 1

11.5

10.6

Total

13.5

12.1

Leverage Ratio

8.5

8.1

(1) In Q2 2020, OSFI introduced transitional arrangements related to the capital treatment of performing loan allowances, resulting in a portion of allowances that would otherwise be included in Tier 2 capital to be included. The transitional arrangement concluded at the end of fiscal 2022 and did not impact CET1 and Tier 1 capital (October 31, 2022 – $5,576) and CET1 and Tier 1 ratios after fiscal 2022 (October 31, 2022 – negligible impact). The transitional arrangement had no impact on the Total capital ratio.

28. SUBSIDIARIES

As at October 31, 2023, we, either directly or indirectly through our subsidiaries, control the following significant subsidiaries:

Canadian Western Bank Subsidiaries (1) (Annexed in accordance with subsection 308 (3) of the Bank Act)

Carrying Value of Voting Shares Owned by CWB (2)

Address of Head Office

CWB National Leasing Inc.

1525 Buffalo Place Winnipeg, Manitoba

$

134,458

CWB Wealth Management Ltd.

Suite 3000, 10303 Jasper Avenue Edmonton, Alberta

118,660

CWB Wealth Partners Ltd.

801 10th Ave SW Calgary, Alberta

Canadian Western Financial Ltd.

Suite 3000, 10303 Jasper Avenue Edmonton, Alberta

CWB Maxium Financial Inc.

Suite 1, 30 Vogell Road Richmond Hill, Ontario

30,812

Canadian Western Trust Company

Suite 3000, 10303 Jasper Avenue Edmonton, Alberta Suite 3000, 10303 Jasper Avenue Edmonton, Alberta

19,136

Valiant Trust Company

12,000

(1) We, either directly or through our subsidiaries, own 100% of the voting shares of each entity. (2) The carrying value of voting shares is stated at the cost of our equity in the subsidiaries in thousands of dollars.

106 | CWB Financial Group 2023 Annual Report

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