蒙特利尔银行 (BMO) 2003年年度报告「TSX」.pdf

1、To our fellow shareholders,This 186th Annual Report tells the story of thefinancial performance we achieved in 2003,the ethicalcodes that guide our actions and howwe evaluate our performance.It is about the strength that comes from balancing priorities:Delivering results to investors,building trustw

2、ith our employees and the communitieswhere we do business,and creating value forour customers.The pages in this report show how we are delivering.186th Annual Report 2003Delivering14525EA BMO Eng Cover 1/6/04 10:41 AM Page 1IFCBMO Financial Group at a Glance1Financial Highlights2Chairmans Message to

3、 Shareholders4Year in Review:Delivering Results5Delivering Ethical Leadership8Delivering Customer Service10Financial Performance and Condition at a Glance13Managements Discussion and Analysis of Operations and Financial Condition13Caution Regarding Forward-LookingStatements14Financial Objectives,Tar

4、gets and Measures 15Value Measures18Enterprise-Wide Strategic Management19Economic and Financial ServicesDevelopments20Financial Performance Review 27Operating Group Review 28Personal and Commercial Client Group 33Private Client Group 36Investment Banking Group 40Corporate Support,including Technolo

5、gy and Solutions41Financial Condition Review43Enterprise-Wide Capital Management 44Critical Accounting Policies 45Enterprise-Wide Risk Management 53Review of 2002 Financial Performance54Supplemental Information69Statement of ManagementsResponsibility for Financial Information69Shareholders Auditors

6、Report70Consolidated Financial Statements70Consolidated Balance Sheet71Consolidated Statement of Income72Consolidated Statement of Changes in Shareholders Equity73Consolidated Statement of Cash Flow74Notes to Consolidated Financial Statements101Bank-Owned Corporations102Board of Directors and Honora