蒙特利尔银行 (BMO) 2001年年度报告「TSX」.pdf

1、Bank of Montreal 184th Annual Report 2001 Book OneEveryone has plans.The year in reviewAmid adversity,Bank of Montreal remains strong,confident andcommitted to pursuing a strategy of growth.2001 was a difficult year for the world.Politically and spiri-tually,the events of September 11th had a profou

2、nd effect.The act of terror also impacted the globes financial markets,further weakening already slowing economies in the UnitedStates,Canada and internationally.The Bank of Montreal Group of Companies was notimmune to the troubled times.In the fourth quarter of 2001,the slowing of the North America

3、n economies prompted theBank to announce higher provisions for credit losses andwrite-downs totalling$682 million or$414 million after-tax.These increased charges,along with a less robust econ-omy,significantly affected our business.For the fiscal yearending October 31,2001,our net income was$1,471

4、million,down$386 million from fiscal 2000.Cash return on equityfor the year was 14.8%,a decrease of four percentage pointsfrom 2000.Cash earnings per share were$2.86,a decreaseof$0.53 or 16%from the previous year.Yet,we remain strong and confident.Excluding non-recurring items and the increasedcharg

5、es,cash earnings per share actually increased 7%fromfiscal 2000.Cash return on equity was 16.9%,excluding non-recurring items and the increased charges.Indeed,Bankof Montreal is the only bank in North America that can claim a reported return on equity of more than 13%everyyear for the last 12 years.

6、This is good news.Its a testament to our consistentperformance and a reflection of our resiliency and the sound-ness of our business strategy.And its a source of inspirationas we move forward into what we believe will be a moreprosperous,peaceful future.Financial HighlightsOct.31Oct.31Oct.31Oct.31Oc