Edition:
United Kingdom

CIBC doesn't expect material impact from Basel changes


Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - Canadian Imperial Bank Of Commerce ::CIBC CEO SAYS BANK'S PLAN IS NOT TO TAKE ANY MORE LARGE RESTRUCTURING CHARGES.CIBC CFO SAYS DOESN'T EXPECT BASEL III CHANGES TO HAVE MATERIAL IMPACT ON BANK.CIBC PERSONAL BANKING HEAD SAYS OVER 80 PERCENT OF TRANSACTIONS NOW DIGITAL, SEES GROWING TO 90 PERCENT BY 2020.CIBC PERSONAL BANKING HEAD SAYS NUMBER OF BRANCHES DOWN 4 PERCENT SINCE 2015, COMFORTABLE WITH "CONTINUING AT THAT PACE".CIBC PERSONAL BANKING HEAD SAYS EXPECTS MORTGAGE BOOK TO GROW AT A HIGHER RATE THAN THE OVERALL MARKET NEXT YEAR.