The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst
: Just want to ask about Canada, actually for Dan. It's been a year where the operating leverage, I think, has been positive for a year, but that's really
a reflection of negative or slightly negative expense growth that offset a weaker top line. I'm just wondering what your outlook is for the business
into 2020. How sustainable these expense growth rates are? And what the plan is to get the top line moving again? And I'm looking at it excluding
real estate gains from the prior year. It's positive revenue growth but a little bit on the low side.
Question: Gabriel Dechaine - National Bank Financial, Inc., Research Division - Analyst
: I know I'm limited on questions here, so I'll just sneak a housekeeping one. The IFRS 16 and securitization impact for Raj in Q1.
Question: Sohrab Movahedi - BMO Capital Markets Equity Research - Analyst
: Nacho, just with the overall volume growth organically and with -- we're going to lap the benefit of the BBVA Chile acquisition. But when you just
think about what Brian said, call it, 3% plus or minus GDP growth in the Pacific Alliance region that you participate in, do you think you're going
to be able to maintain this organic, call it, high single-digit, low double-digit loan growth given that NIM guidance of 4.50% plus or minus 10 basis
points?
Question: Sohrab Movahedi - BMO Capital Markets Equity Research - Analyst
: And Nacho, just to be clear, you are a top 3 bank in Chile, you are a top 3 bank in Peru. Do you still expect to be able to grow at a healthy rate in
those geographies as well as Colombia and Mexico?
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