World Bank Annual Report 2019 Appendixes




Loading...







MANUAL OF PATENT OFFICE PRACTICE AND PROCEDURE

26 nov. 2019 general services scientific advisors and miscellaneous provisions. ... 05.03.04 Field of invention and use of invention.

Knappa School District No. 4 • Astoria Oregon 97103 6:30 p.m.

18 août 2021 1 Note that current English learners also include students who are eligible to receive English language ... 05.03 The Scientific Revolution.

BYLee Rainie and Janna Anderson

3 mai 2017 Lee Rainie Director

Monthly catalog of United States government publications May 1975 /

23 mai 1975 (American Revolution Bicentennial Administration.) 95c. ... and guidelines (annual). Note .—See for earlier publications

SESAR JU Consolidated Annual Activity Report

23 juin 2017 Figure 13: Organisation chart of the SESAR JU as at 31/12/2016 . ... Delivering the digital revolution in air traffic management.

AGRiCULTURE FOOD AND NATURAL RESOURCES (AFNR

of standards to guide what students should know and be able to do after ing the Next Generation Science Standards the Common Core Standards for English ...

PEOPLE ON THE MOVE: GLOBAL MIGRATION'S IMPACT AND

co-leads projects and provides guidance; members are Andres Cadena NOTE: Some 11.1 million migrants from unknown origins or with unknown development ...

Tennessee Social Studies Standards

education review) to guide their final recommendations for the draft standards. still specifically listed in the standards (note: this list is not ...

World Bank Annual Report 2019 Appendixes

19 oct. 2019 Organization Chart of the World Bank (April 9 2019) . ... Note: The table shows the three countries with the largest lending commitments in ...

Le rôle et la place de l'anglais de spécialité dans les petites

THE ANTI-SCIENTIFIC REVOLUTION. John Wren-Lewis gives the H.G. Wells Memorial Lecture March 11th

World Bank Annual Report 2019 Appendixes 6_5211470app.pdf

Annual Report 2019

Organizational Information and

Lending Data Appendixes

Table of Contents

Lending Data .................................................................................................................................................... 4

Africa: World Bank Lending by Theme and Sector (Fiscal 2015-19) ............................................................... 5

East Asia and Pacific: World Bank Lending by Theme and Sector (Fiscal

2015-19) ................................... 6

Europe and Central Asia: World Bank Lending by Theme and Sector (Fiscal 2015-19) .............................. 7

Latin America and the Caribbean: World Bank Lending by Theme and Sector (Fiscal 2015-19) ............. 8

Middle East and North Africa: World Bank Lending by Theme and Sector (Fiscal

2015-19) .................... 9

South Asia: World Bank Lending by Theme and Sector (Fiscal

2015-19) .................................................... 10

Africa: World Bank Commitments, Disbursements, and

Net Transfers (Fiscal

2015-19) ........................................................................................................................ 11

East Asia and Pacific: World Bank Commitments, Disbursements, and

Net Transfers (Fiscal

2015-19) ....................................................................................................................... 12

Europe and Central Asia: World Bank

Commitments, Disbursements, and

Net Transfers (Fiscal

2015-19) ........................................................................................................................ 13

Latin America and the Caribbean: World Bank Commitments, Disbursements, and

Net Transfers (Fiscal

2015-19) ........................................................................................................................ 14

Middle East and North Africa: World Bank Commitments, Disbursements, and

Net Transfers (Fiscal 2015-19) ....................................................................................................................... 15

South Asia: World Bank Commitments, Disbursements, and

Net Transfers (Fiscal

2015-19) ........................................................................................................................ 16

Operations Approved for IBRD and IDA Assistance, by Region and Country (Fiscal 2019) ....................... 17

World Bank Development Policy Operations (Fiscal 2019) ............................................................................ 20

World Bank Development Policy Commitments (Fiscal

2015-19) ................................................................ 22

IBRD and IDA Cumulative Lending, by Country (Fiscal 1945 -2019) ............................................................. 23 Active Project Portfolio by Region and Sector (June 30,

2019) .................................................................... 28 New Operations Approved ...........................................................................................................................29

Summaries of Operations Approved during

Fiscal 2019, All Regions ........................................................... 30 Income by Region ...........................................................................................................................................48

Regional Poverty Estimates (1981-2015) ........................................................................................................... 49

Population living below $1.90 a day (millions, 2011 PPP) Population living below $1.90 a day (% of population, 2011 PPP) Population living below $3.20 a day (millions, 2011 PPP)

Population living below $3.20 a day (% of population, 2011 PPP) Gross Domestic Product per Capita Index, 2005-18 ....................................................................................... 50

Organizational Information ......................................................................................................................... 51

Governors and Alternates of the World Bank ................................................................................................... 52

Execu

tive Directors and Alternates of the World Bank and Their Voting Power ....................................... 58

Development Committee Communique (October 13, 2018) ........................................................................... 62

Development Committee Communique (April 13, 2019) ................................................................................. 64

Officers of the World Bank ................................................................................................................................... 66

Organization Chart of the World Bank (April 9, 2019) .................................................................................... 67

Annual Remuneration Disclosure Notice ............................................................................................................. 68

Offices of the World Bank ...................................................................................................................................... 71

International Bank for Reconstruction and Development Membership ....................................................... 78

International Development Association Membership

...................................................................................... 83

Country Eligibility for Borrowing from the Wo

rld Bank .................................................................................. 88

World Bank Expenditures by Organizational Unit ..............................................................................................91

Contributions: Top-10 Trust Fund Donors ......................................................................................................... 92

World Bank Lending (Fiscal 2019) ............................................................................................................. 93

Global Reporting Initiative (GRI) Index - Fiscal Year 2019 ................................................................... 158

Annual Report 2019

Lending Data

PLOOLRQVRIGROODUV

7KHPH     

(FRQRPLF3ROLF\ ² ²    (QYLURQPHQWDQG1DWXUDO5HVRXUFH0DQDJHPHQW ² ²    )LQDQFH ² ²    +XPDQ'HYHORSPHQWDQG*HQGHU ² ²   

3ULYDWH6HFWRU'HYHORSPHQW ² ²   

3XEOLF6HFWRU0DQDJHPHQW ² ²   

6RFLDO'HYHORSPHQWDQG3URWHFWLRQ ² ²   

8UEDQDQG5XUDO'HYHORSPHQW ² ²   

6HFWRU     

$JULFXOWXUH)LVKLQJDQG)RUHVWU\     (GXFDWLRQ     (QHUJ\DQG([WUDFWLYHV     )LQDQFLDO6HFWRU     +HDOWK     ,QGXVWU\7UDGHDQG6HUYLFHV     ,QIRUPDWLRQDQG&RPPXQLFDWLRQV7HFKQRORJLHV    

3XEOLF$GPLQLVWUDWLRQ 

  

6RFLDO3URWHFWLRQ   

7UDQVSRUWDWLRQ 

  

:DWHU6DQLWDWLRQDQG:DVWH0DQDJHPHQW     

6HFWRU7RWDO     

2IZKLFK,%5'     

2IZKLFK,'$     $IULFD:RUOG%DQN/HQGLQJE\7KHPHDQG6HFWRU_)LVFDO±

1RWH² QRWDYDLODEOH1XPEHUVPD\QRWDGGWRWRWDOVEHFDXVHRIURXQGLQJ$VRIILVFDOQHZVHFWRUDQGWKHPHFDWHJRULHVKDYHUHSODFHG

WKHSUHYLRXVWD[RQRP\DVSDUWRIDQLQWHUQDOGDWDPRGHUQL]DWLRQHIIRUW3DVWILVFDO\HDUGDWDUHSRUWHGKHUHKDYHEHHQUHYLVHGWRUHIOHFWWKHQHZ

FDWHJRULHVDQGWKHUHIRUHPD\QRWPDWFKILJXUHVSXEOLVKHGLQSUHYLRXVDQQXDOUHSRUWV

%HFDXVHOHQGLQJFRPPLWPHQWVIRULQGLYLGXDORSHUDWLRQVFDQEHDSSOLHGWRPXOWLSOHWKHPHFDWHJRULHVILJXUHVRUJDQL]HGE\WKHPHGRQRWDGGXSWR

ILVFDO\HDUFRPPLWPHQWWRWDOVDQGWKHUHIRUHWKHPHILJXUHVVKRXOGQRWEHVXPPHG

3OHDVHYLVLWSURMHFWVZRUOGEDQNRUJVHFWRUDQGSURMHFWVZRUOGEDQNRUJWKHPHIRUPRUHLQIRUPDWLRQRQFKDQJHV

PLOOLRQVRIGROODUV

7KHPH     

(FRQRPLF3ROLF\ ² ²    (QYLURQPHQWDQG1DWXUDO5HVRXUFH0DQDJHPHQW ² ²    )LQDQFH ² ²    +XPDQ'HYHORSPHQWDQG*HQGHU ² ²   

3ULYDWH6HFWRU'HYHORSPHQW ² ²   

3XEOLF6HFWRU0DQDJHPHQW ² ²   

6RFLDO'HYHORSPHQWDQG3URWHFWLRQ ² ²   

8UEDQDQG5XUDO'HYHORSPHQW ² ²   

6HFWRU     

$JULFXOWXUH)LVKLQJDQG)RUHVWU\     (GXFDWLRQ     (QHUJ\DQG([WUDFWLYHV     )LQDQFLDO6HFWRU     +HDOWK      ,QGXVWU\7UDGHDQG6HUYLFHV     ,QIRUPDWLRQDQG&RPPXQLFDWLRQV7HFKQRORJLHV    

3XEOLF$GPLQLVWUDWLRQ 

  

6RFLDO3URWHFWLRQ 

  

7UDQVSRUWDWLRQ 

  

:DWHU6DQLWDWLRQDQG:DVWH0DQDJHPHQW     

6HFWRU7RWDO     

2IZKLFK,%5'     

2IZKLFK,'$     (DVW$VLDDQG3DFLILF:RUOG%DQN/HQGLQJE\7KHPHDQG6HFWRU_)LVFDO

1RWH² QRWDYDLODEOH1XPEHUVPD\QRWDGGWRWRWDOVEHFDXVHRIURXQGLQJ$VRIILVFDOQHZVHFWRUDQGWKHPHFDWHJRULHVKDYHUHSODFHG

WKHSUHYLRXVWD[RQRP\DVSDUWRIDQLQWHUQDOGDWDPRGHUQL]DWLRQHIIRUW3DVWILVFDO\HDUGDWDUHSRUWHGKHUHKDYHEHHQUHYLVHGWRUHIOHFWWKHQHZ

FDWHJRULHVDQGWKHUHIRUHPD\QRWPDWFKILJXUHVSXEOLVKHGLQSUHYLRXVDQQXDOUHSRUWV

%HFDXVHOHQGLQJFRPPLWPHQWVIRULQGLYLGXDORSHUDWLRQVFDQEHDSSOLHGWRPXOWLSOHWKHPHFDWHJRULHVILJXUHVRUJDQL]HGE\WKHPHGRQRWDGGXSWR

ILVFDO\HDUFRPPLWPHQWWRWDOVDQGWKHUHIRUHWKHPHILJXUHVVKRXOGQRWEHVXPPHG

3OHDVHYLVLWSURMHFWVZRUOGEDQNRUJVHFWRUDQGSURMHFWVZRUOGEDQNRUJWKHPHIRUPRUHLQIRUPDWLRQRQFKDQJHV

(XURSHDQG&HQWUDO$VLD:RUOG%DQN/HQGLQJE\7KHPHDQG6HFWRU_)LVFDO±

PLOOLRQVRIGROODUV

7KHPH     

(FRQRPLF3ROLF\ ² ²    (QYLURQPHQWDQG1DWXUDO5HVRXUFH0DQDJHPHQW ² ²    )LQDQFH ² ²    +XPDQ'HYHORSPHQWDQG*HQGHU ² ²   

3ULYDWH6HFWRU'HYHORSPHQW ² ²   

3XEOLF6HFWRU0DQDJHPHQW ² ²   

6RFLDO'HYHORSPHQWDQG3URWHFWLRQ ² ²   

8UEDQDQG5XUDO'HYHORSPHQW ² ²   

6HFWRU     

$JULFXOWXUH)LVKLQJDQG)RUHVWU\     

(GXFDWLRQ      (QHUJ\DQG([WUDFWLYHV      )LQDQFLDO6HFWRU      +HDOWK     

,QGXVWU\7UDGHDQG6HUYLFHV     

,QIRUPDWLRQDQG&RPPXQLFDWLRQV7HFKQRORJLHV     

3XEOLF$GPLQLVWUDWLRQ     

6RFLDO3URWHFWLRQ     

7UDQVSRUWDWLRQ     

:DWHU6DQLWDWLRQDQG:DVWH0DQDJHPHQW     

6HFWRU7RWDO     

2IZKLFK,%5'     

2IZKLFK,'$     

1RWH² QRWDYDLODEOH1XPEHUVPD\QRWDGGWRWRWDOVEHFDXVHRIURXQGLQJ$VRIILVFDOQHZVHFWRUDQGWKHPHFDWHJRULHVKDYHUHSODFHG

WKHSUHYLRXVWD[RQRP\DVSDUWRIDQLQWHUQDOGDWDPRGHUQL]DWLRQHIIRUW3DVWILVFDO\HDUGDWDUHSRUWHGKHUHKDYHEHHQUHYLVHGWRUHIOHFWWKHQHZ

FDWHJRULHVDQGWKHUHIRUHPD\QRWPDWFKILJXUHVSXEOLVKHGLQSUHYLRXVDQQXDOUHSRUWV

%HFDXVHOHQGLQJFRPPLWPHQWVIRULQGLYLGXDORSHUDWLRQVFDQEHDSSOLHGWRPXOWLSOHWKHPHFDWHJRULHVILJXUHVRUJDQL]HGE\WKHPHGRQRWDGGXSWR

ILVFDO\HDUFRPPLWPHQWWRWDOVDQGWKHUHIRUHWKHPHILJXUHVVKRXOGQRWEHVXPPHG

3OHDVHYLVLWSURMHFWVZRUOGEDQNRUJVHFWRUDQGSURMHFWVZRUOGEDQNRUJWKHPHIRUPRUHLQIRUPDWLRQRQFKDQJHV

PLOOLRQVRIGROODUV

7KHPH     

(FRQRPLF3ROLF\ ² ²    (QYLURQPHQWDQG1DWXUDO5HVRXUFH0DQDJHPHQW ² ²    )LQDQFH ² ²    +XPDQ'HYHORSPHQWDQG*HQGHU ² ²   

3ULYDWH6HFWRU'HYHORSPHQW ² ²   

3XEOLF6HFWRU0DQDJHPHQW ² ²   

6RFLDO'HYHORSPHQWDQG3URWHFWLRQ ² ²   

8UEDQDQG5XUDO'HYHORSPHQW ² ²   

6HFWRU     

$JULFXOWXUH)LVKLQJDQG)RUHVWU\     (GXFDWLRQ     (QHUJ\DQG([WUDFWLYHV     )LQDQFLDO6HFWRU     +HDOWK      ,QGXVWU\7UDGHDQG6HUYLFHV     ,QIRUPDWLRQDQG&RPPXQLFDWLRQV7HFKQRORJLHV    

3XEOLF$GPLQLVWUDWLRQ 

  

6RFLDO3URWHFWLRQ 

  

7UDQVSRUWDWLRQ 

  

:DWHU6DQLWDWLRQDQG:DVWH0DQDJHPHQW     

6HFWRU7RWDO     

2IZKLFK,%5'     

2IZKLFK,'$     /DWLQ$PHULFDDQGWKH&DULEEHDQ:RUOG%DQN/HQGLQJE\7KHPHDQG6HFWRU_)LVFDO

1RWH² QRWDYDLODEOH1XPEHUVPD\QRWDGGWRWRWDOVEHFDXVHRIURXQGLQJ$VRIILVFDOQHZVHFWRUDQGWKHPHFDWHJRULHVKDYHUHSODFHG

WKHSUHYLRXVWD[RQRP\DVSDUWRIDQLQWHUQDOGDWDPRGHUQL]DWLRQHIIRUW3DVWILVFDO\HDUGDWDUHSRUWHGKHUHKDYHEHHQUHYLVHGWRUHIOHFWWKHQHZ

FDWHJRULHVDQGWKHUHIRUHPD\QRWPDWFKILJXUHVSXEOLVKHGLQSUHYLRXVDQQXDOUHSRUWV

%HFDXVHOHQGLQJFRPPLWPHQWVIRULQGLYLGXDORSHUDWLRQVFDQEHDSSOLHGWRPXOWLSOHWKHPHFDWHJRULHVILJXUHVRUJDQL]HGE\WKHPHGRQRWDGGXSWR

ILVFDO\HDUFRPPLWPHQWWRWDOVDQGWKHUHIRUHWKHPHILJXUHVVKRXOGQRWEHVXPPHG

3OHDVHYLVLWSURMHFWVZRUOGEDQNRUJVHFWRUDQGSURMHFWVZRUOGEDQNRUJWKHPHIRUPRUHLQIRUPDWLRQRQFKDQJHV

0LGGOH(DVWDQG1RUWK$IULFD:RUOG%DQN/HQGLQJE\7KHPHDQG6HFWRU_)LVFDO±

PLOOLRQVRIGROODUV

7KHPH     

(FRQRPLF3ROLF\ ² ²    (QYLURQPHQWDQG1DWXUDO5HVRXUFH0DQDJHPHQW ² ²    )LQDQFH ² ²    +XPDQ'HYHORSPHQWDQG*HQGHU ² ²   

3ULYDWH6HFWRU'HYHORSPHQW ² ²   

3XEOLF6HFWRU0DQDJHPHQW ² ²   

6RFLDO'HYHORSPHQWDQG3URWHFWLRQ ² ²   

8UEDQDQG5XUDO'HYHORSPHQW ² ²   

6HFWRU     

$JULFXOWXUH)LVKLQJDQG)RUHVWU\      (GXFDWLRQ      (QHUJ\DQG([WUDFWLYHV      )LQDQFLDO6HFWRU      +HDOWK     

,QGXVWU\7UDGHDQG6HUYLFHV     

,QIRUPDWLRQDQG&RPPXQLFDWLRQV7HFKQRORJLHV     

3XEOLF$GPLQLVWUDWLRQ     

6RFLDO3URWHFWLRQ     

7UDQVSRUWDWLRQ     

:DWHU6DQLWDWLRQDQG:DVWH0DQDJHPHQW     

6HFWRU7RWDO     

2IZKLFK,%5'     

2IZKLFK,'$     

1RWH² QRWDYDLODEOH1XPEHUVPD\QRWDGGWRWRWDOVEHFDXVHRIURXQGLQJ$VRIILVFDOQHZVHFWRUDQGWKHPHFDWHJRULHVKDYHUHSODFHG

WKHSUHYLRXVWD[RQRP\DVSDUWRIDQLQWHUQDOGDWDPRGHUQL]DWLRQHIIRUW3DVWILVFDO\HDUGDWDUHSRUWHGKHUHKDYHEHHQUHYLVHGWRUHIOHFWWKHQHZ

FDWHJRULHVDQGWKHUHIRUHPD\QRWPDWFKILJXUHVSXEOLVKHGLQSUHYLRXVDQQXDOUHSRUWV

%HFDXVHOHQGLQJFRPPLWPHQWVIRULQGLYLGXDORSHUDWLRQVFDQEHDSSOLHGWRPXOWLSOHWKHPHFDWHJRULHVILJXUHVRUJDQL]HGE\WKHPHGRQRWDGGXSWR

ILVFDO\HDUFRPPLWPHQWWRWDOVDQGWKHUHIRUHWKHPHILJXUHVVKRXOGQRWEHVXPPHG

3OHDVHYLVLWSURMHFWVZRUOGEDQNRUJVHFWRUDQGSURMHFWVZRUOGEDQNRUJWKHPHIRUPRUHLQIRUPDWLRQRQFKDQJHV

6RXWK$VLD:RUOG%DQN/HQGLQJE\7KHPHDQG6HFWRU_)LVFDO±

PLOOLRQVRIGROODUV

7KHPH     

(FRQRPLF3ROLF\ ² ²    (QYLURQPHQWDQG1DWXUDO5HVRXUFH0DQDJHPHQW ² ²    )LQDQFH ² ²    +XPDQ'HYHORSPHQWDQG*HQGHU ² ²   

3ULYDWH6HFWRU'HYHORSPHQW ² ²   

3XEOLF6HFWRU0DQDJHPHQW ² ²   

6RFLDO'HYHORSPHQWDQG3URWHFWLRQ ² ²   

8UEDQDQG5XUDO'HYHORSPHQW ² ²   

6HFWRU     

$JULFXOWXUH)LVKLQJDQG)RUHVWU\     

(GXFDWLRQ      (QHUJ\DQG([WUDFWLYHV      )LQDQFLDO6HFWRU      +HDOWK     

,QGXVWU\7UDGHDQG6HUYLFHV     

,QIRUPDWLRQDQG&RPPXQLFDWLRQV7HFKQRORJLHV      

3XEOLF$GPLQLVWUDWLRQ     

6RFLDO3URWHFWLRQ     

7UDQVSRUWDWLRQ    

 

:DWHU6DQLWDWLRQDQG:DVWH0DQDJHPHQW     

6HFWRU7RWDO     

2IZKLFK,%5'     

2IZKLFK,'$     1RWH² QRWDYDLODEOH1XPEHUVPD\QRWDGGWRWRWDOVEHFDXVHRIURXQGLQJ$VRIILVFDOQHZVHFWRUDQGWKHPHFDWHJRULHVKDYHUHSODFHG

WKHSUHYLRXVWD[RQRP\DVSDUWRIDQLQWHUQDOGDWDPRGHUQL]DWLRQHIIRUW3DVWILVFDO\HDUGDWDUHSRUWHGKHUHKDYHEHHQUHYLVHGWRUHIOHFWWKHQHZ

FDWHJRULHVDQGWKHUHIRUHPD\QRWPDWFKILJXUHVSXEOLVKHGLQSUH

YLRXVDQQXDOUHSRUWV

%HFDXVHOHQGLQJFRPPLWPHQWVIRULQGLYLGXDORSHUDWLRQVFDQEHDSSOLHGWRPXOWLSOHWKHPHFDWHJRULHVILJXUHVRUJDQL]HGE\WKHPHGRQRWDGGXSWR

ILVFDO\HDUFRPPLWPHQWWRWDOVDQGWKHUHIRUHWKHPHILJXUHVVKRXOGQRWEHVXPPHG

3OHDVHYLVLWSURMHFWVZRUOGEDQNRUJVHFWRUDQGSURMHFWVZRUOGEDQNRUJWKHPHIRUPRUHLQIRUPDWLRQRQFKDQJHV

PLOOLRQVRIGROODUV,WHP         ,%5'DQG,'$FRPPLWPHQWV       

8QGLVEXUVHGEDODQFHV       

*URVVGLVEXUVHPHQWV       

5HSD\PHQWV       

1HWGLVEXUVHPHQWV       

,QWHUHVWDQGFKDUJHV       

1HWWUDQVIHUV       $IULFD:RUOG%DQN&RPPLWPHQWV'LVEXUVHPHQWVDQG1HW7UDQVIHUVO)LVFDO±1RWH7KHWDEOHVKRZVWKHWKUHHFRXQWULHVZLWKWKHODUJHVWOHQGLQJFRPPLWPHQWVLQWKHUHJLRQRYHUWKHSDVWWZRILVFDO\HDUV DQG ,%5'DQG,'$FRPPLWPHQWVGRQRWLQFOXGH

+HDYLO\,QGHEWHG3RRU&RXQWU\ +,3& ,QLWLDWLYHJUDQWV(IIHFWLYHILVFDO,%5'DQG,'$FRPPLWPHQWVLQFOXGHJXDUDQWHHVDQGJXDUDQWHHIDFLOLWLHV&RPPLWPHQWVWRUHJLRQDOSURMHFWV

DUHFODVVLILHGLQWKLVWDEOHDVUHJLRQDOSURMHFWVDQGDUHQRWFRXQWHGDVFRPPLWPHQWVRIWKHLQGLYLGXDOFRXQWULHVLQYROYHGLQWKHUHJLRQDOSURMHFW+RZHYHUXQGLVEXUVHGEDODQFHVJURVV

GLVEXUVHPHQWVUHSD\PHQWVQHWGLVEXUVHPHQWVLQWHUHVWDQGFKDUJHVDQGQHWWUDQVIHUVDUHUHSRUWHGRUFODVVLILHGXQGHUWKHLQGLYLGXDOFRXQWULHVEHFDXVHWKHLQGLYLGXDODPRXQWVDUH

FRYHUHGE\VHSDUDWHORDQFUHGLWJUDQWRUJXDUDQWHHDJUHHPHQWVDQGDUHJXDUDQWHHGE\WKHLQGLYLGXDOFRXQWULHV'LVEXUVHPHQWVDUHPDGHWRWKHLQGLYLGXDOFRXQWULHVDQGSULQFLSDO

LQWHUHVWDQGFKDUJHVDUHELOOHGWRWKHLQGLYLGXDOFRXQWULHV5HSD\PHQWVDUHPDGHE\WKHLQGLYLGXDOFRXQWULHVDQGDOVRLQFOXGHSD\PHQWVIURPGRQRUVXQGHUGHEWVHUYLFHWUXVWIXQGVRU

GHEWUHOLHIXQGHU+,3&DQGWKH0XOWLODWHUDO'HEW5HOLHI,QLWLDWLYH 0'5, 1XPEHUVPD\QRWDGGWRWRWDOVEHFDXVHRIURXQGLQJ(WKLRSLD 1LJHULD .HQ\D 7RWDOUHJLRQ

PLOOLRQVRIGROODUV,WHP         ,%5'DQG,'$FRPPLWPHQWV       

8QGLVEXUVHGEDODQFHV       

*URVVGLVEXUVHPHQWV       

5HSD\PHQWV       

1HWGLVEXUVHPHQWV       

,QWHUHVWDQGFKDUJHV       

1HWWUDQVIHUV       1RWH7KHWDEOHVKRZVWKHWKUHHFRXQWULHVZLWKWKHODUJHVWOHQGLQJFRPPLWPHQWVLQWKHUHJLRQRYHUWKHSDVWWZRILVFDO\HDUV DQG ,%5'DQG,'$FRPPLWPHQWVGRQRWLQFOXGH

+HDYLO\,QGHEWHG3RRU&RXQWU\ +,3& ,QLWLDWLYHJUDQWV(IIHFWLYHILVFDO,%5'DQG,'$FRPPLWPHQWVLQFOXGHJXDUDQWHHVDQGJXDUDQWHHIDFLOLWLHV&RPPLWPHQWVWRUHJLRQDOSURMHFWV

DUHFODVVLILHGLQWKLVWDEOHDVUHJLRQDOSURMHFWVDQGDUHQRWFRXQWHGDVFRPPLWPHQWVRIWKHLQGLYLGXDOFRXQWULHVLQYROYHGLQWKHUHJLRQDOSURMHFW+RZHYHUXQGLVEXUVHGEDODQFHVJURVV

GLVEXUVHPHQWVUHSD\PHQWVQHWGLVEXUVHPHQWVLQWHUHVWDQGFKDUJHVDQGQHWWUDQVIHUVDUHUHSRUWHGRUFODVVLILHGXQGHUWKHLQGLYLGXDOFRXQWULHVEHFDXVHWKHLQGLYLGXDODPRXQWVDUH

FRYHUHGE\VHSDUDWHORDQFUHGLWJUDQWRUJXDUDQWHHDJUHHPHQWVDQGDUHJXDUDQWHHGE\WKHLQGLYLGXDOFRXQWULHV'LVEXUVHPHQWVDUHPDGHWRWKHLQGLYLGXDOFRXQWULHVDQGSULQFLSDO

LQWHUHVWDQGFKDUJHVDUHELOOHGWRWKHLQGLYLGXDOFRXQWULHV5HSD\PHQWVDUHPDGHE\WKHLQGLYLGXDOFRXQWULHVDQGDOVRLQFOXGHSD\PHQWVIURPGRQRUVXQGHUGHEWVHUYLFHWUXVWIXQGVRU

GHEWUHOLHIXQGHU+,3&DQGWKH0XOWLODWHUDO'HEW5HOLHI,QLWLDWLYH 0'5, 1XPEHUVPD\QRWDGGWRWRWDOVEHFDXVHRIURXQGLQJ(DVW$VLDDQG3DFLILF:RUOG%DQN&RPPLWPHQWV'LVEXUVHPHQWVDQG1HW7UDQVIHUVO)LVFDO±,QGRQHVLD &KLQD 3KLOLSSLQHV 7RWDOUHJLRQ

PLOOLRQVRIGROODUV,WHP         ,%5'DQG,'$FRPPLWPHQWV       

8QGLVEXUVHGEDODQFHV       

*URVVGLVEXUVHPHQWV       

5HSD\PHQWV       

1HWGLVEXUVHPHQWV       

,QWHUHVWDQGFKDUJHV       

1HWWUDQVIHUV       1RWH7KHWDEOHVKRZVWKHWKUHHFRXQWULHVZLWKWKHODUJHVWOHQGLQJFRPPLWPHQWVLQWKHUHJLRQRYHUWKHSDVWWZRILVFDO\HDUV DQG ,%5'DQG,'$FRPPLWPHQWVGRQRWLQFOXGH

+HDYLO\,QGHEWHG3RRU&RXQWU\ +,3& ,QLWLDWLYHJUDQWV(IIHFWLYHILVFDO,%5'DQG,'$FRPPLWPHQWVLQFOXGHJXDUDQWHHVDQGJXDUDQWHHIDFLOLWLHV&RPPLWPHQWVWRUHJLRQDOSURMHFWV

DUHFODVVLILHGLQWKLVWDEOHDVUHJLRQDOSURMHFWVDQGDUHQRWFRXQWHGDVFRPPLWPHQWVRIWKHLQGLYLGXDOFRXQWULHVLQYROYHGLQWKHUHJLRQDOSURMHFW+RZHYHUXQGLVEXUVHGEDODQFHVJURVV

GLVEXUVHPHQWVUHSD\PHQWVQHWGLVEXUVHPHQWVLQWHUHVWDQGFKDUJHVDQGQHWWUDQVIHUVDUHUHSRUWHGRUFODVVLILHGXQGHUWKHLQGLYLGXDOFRXQWULHVEHFDXVHWKHLQGLYLGXDODPRXQWVDUH

FRYHUHGE\VHSDUDWHORDQFUHGLWJUDQWRUJXDUDQWHHDJUHHPHQWVDQGDUHJXDUDQWHHGE\WKHLQGLYLGXDOFRXQWULHV'LVEXUVHPHQWVDUHPDGHWRWKHLQGLYLGXDOFRXQWULHVDQGSULQFLSDO

LQWHUHVWDQGFKDUJHVDUHELOOHGWRWKHLQGLYLGXDOFRXQWULHV5HSD\PHQWVDUHPDGHE\WKHLQGLYLGXDOFRXQWULHVDQGDOVRLQFOXGHSD\PHQWVIURPGRQRUVXQGHUGHEWVHUYLFHWUXVWIXQGVRU

GHEWUHOLHIXQGHU+,3&DQGWKH0XOWLODWHUDO'HEW5HOLHI,QLWLDWLYH 0'5, 1XPEHUVPD\QRWDGGWRWRWDOVEHFDXVHRIURXQGLQJ(XURSHDQG&HQWUDO$VLD:RUOG%DQN&RPPLWPHQWV'LVEXUVHPHQWVDQG1HW7UDQVIHUV,)LVFDO±

7XUNH\ 8]EHNLVWDQ 8NUDLQH 7RWDOUHJLRQ

PLOOLRQVRIGROODUV,WHP         ,%5'DQG,'$FRPPLWPHQWV       

8QGLVEXUVHGEDODQFHV       

*URVVGLVEXUVHPHQWV       

5HSD\PHQWV       

1HWGLVEXUVHPHQWV       

,QWHUHVWDQGFKDUJHV       

1HWWUDQVIHUV       1RWH7KHWDEOHVKRZVWKHWKUHHFRXQWULHVZLWKWKHODUJHVWOHQGLQJFRPPLWPHQWVLQWKHUHJLRQRYHUWKHSDVWWZRILVFDO\HDUV DQG ,%5'DQG,'$FRPPLWPHQWVGRQRWLQFOXGH

+HDYLO\,QGHEWHG3RRU&RXQWU\ +,3& ,QLWLDWLYHJUDQWV(IIHFWLYHILVFDO,%5'DQG,'$FRPPLWPHQWVLQFOXGHJXDUDQWHHVDQGJXDUDQWHHIDFLOLWLHV&RPPLWPHQWVWRUHJLRQDOSURMHFWV

DUHFODVVLILHGLQWKLVWDEOHDVUHJLRQDOSURMHFWVDQGDUHQRWFRXQWHGDVFRPPLWPHQWVRIWKHLQGLYLGXDOFRXQWULHVLQYROYHGLQWKHUHJLRQDOSURMHFW+RZHYHUXQGLVEXUVHGEDODQFHVJURVV

GLVEXUVHPHQWVUHSD\PHQWVQHWGLVEXUVHPHQWVLQWHUHVWDQGFKDUJHVDQGQHWWUDQVIHUVDUHUHSRUWHGRUFODVVLILHGXQGHUWKHLQGLYLGXDOFRXQWULHVEHFDXVHWKHLQGLYLGXDODPRXQWVDUH

FRYHUHGE\VHSDUDWHORDQFUHGLWJUDQWRUJXDUDQWHHDJUHHPHQWVDQGDUHJXDUDQWHHGE\WKHLQGLYLGXDOFRXQWULHV'LVEXUVHPHQWVDUHPDGHWRWKHLQGLYLGXDOFRXQWULHVDQGSULQFLSDO

LQWHUHVWDQGFKDUJHVDUHELOOHGWRWKHLQGLYLGXDOFRXQWULHV5HSD\PHQWVDUHPDGHE\WKHLQGLYLGXDOFRXQWULHVDQGDOVRLQFOXGHSD\PHQWVIURPGRQRUVXQGHUGHEWVHUYLFHWUXVWIXQGVRU

GHEWUHOLHIXQGHU+,3&DQGWKH0XOWLODWHUDO'HEW5HOLHI,QLWLDWLYH 0'5, 1XPEHUVPD\QRWDGGWRWRWDOVEHFDXVHRIURXQGLQJ/DWLQ$PHULFDDQGWKH&DULEEHDQ:RUOG%DQN&RPPLWPHQWV'LVEXUVHPHQWVDQG1HW7UDQVIHUVO)LVFDO±

$UJHQWLQD &RORPELD (FXDGRU 7RWDOUHJLRQ PLOOLRQVRIGROODUV,WHP         ,%5'DQG,'$FRPPLWPHQWV       

8QGLVEXUVHGEDODQFHV       

*URVVGLVEXUVHPHQWV       

5HSD\PHQWV       

1HWGLVEXUVHPHQWV       

,QWHUHVWDQGFKDUJHV       

1HWWUDQVIHUV       1RWH7KHWDEOHVKRZVWKHWKUHHFRXQWULHVZLWKWKHODUJHVWOHQGLQJFRPPLWPHQWVLQWKHUHJLRQRYHUWKHSDVWWZRILVFDO\HDUV DQG ,%5'DQG,'$FRPPLWPHQWVGRQRWLQFOXGH

+HDYLO\,QGHEWHG3RRU&RXQWU\ +,3& ,QLWLDWLYHJUDQWV(IIHFWLYHILVFDO,%5'DQG,'$FRPPLWPHQWVLQFOXGHJXDUDQWHHVDQGJXDUDQWHHIDFLOLWLHV&RPPLWPHQWVWRUHJLRQDOSURMHFWV

DUHFODVVLILHGLQWKLVWDEOHDVUHJLRQDOSURMHFWVDQGDUHQRWFRXQWHGDVFRPPLWPHQWVRIWKHLQGLYLGXDOFRXQWULHVLQYROYHGLQWKHUHJLRQDOSURMHFW+RZHYHUXQGLVEXUVHGEDODQFHVJURVV

GLVEXUVHPHQWVUHSD\PHQWVQHWGLVEXUVHPHQWVLQWHUHVWDQGFKDUJHVDQGQHWWUDQVIHUVDUHUHSRUWHGRUFODVVLILHGXQGHUWKHLQGLYLGXDOFRXQWULHVEHFDXVHWKHLQGLYLGXDODPRXQWVDUH

FRYHUHGE\VHSDUDWHORDQFUHGLWJUDQWRUJXDUDQWHHDJUHHPHQWVDQGDUHJXDUDQWHHGE\WKHLQGLYLGXDOFRXQWULHV'LVEXUVHPHQWVDUHPDGHWRWKHLQGLYLGXDOFRXQWULHVDQGSULQFLSDO

LQWHUHVWDQGFKDUJHVDUHELOOHGWRWKHLQGLYLGXDOFRXQWULHV5HSD\PHQWVDUHPDGHE\WKHLQGLYLGXDOFRXQWULHVDQGDOVRLQFOXGHSD\PHQWVIURPGRQRUVXQGHUGHEWVHUYLFHWUXVWIXQGVRU

GHEWUHOLHIXQGHU+,3&DQGWKH0XOWLODWHUDO'HEW5HOLHI,QLWLDWLYH 0'5, 1XPEHUVPD\QRWDGGWRWRWDOVEHFDXVHRIURXQGLQJ0LGGOH(DVWDQG1RUWK$IULFD:RUOG%DQN&RPPLWPHQWV'LVEXUVHPHQWVDQG1HW7UDQVIHUV_)LVFDO±

(J\SW$UDE5HSXEOLFRI -RUGDQ 0RURFFR 7RWDOUHJLRQ PLOOLRQVRIGROODUV,WHP         ,%5'DQG,'$FRPPLWPHQWV       

8QGLVEXUVHGEDODQFHV       

*URVVGLVEXUVHPHQWV       

5HSD\PHQWV       

1HWGLVEXUVHPHQWV       

,QWHUHVWDQGFKDUJHV       

1HWWUDQVIHUV       1RWH7KHWDEOHVKRZVWKHWKUHHFRXQWULHVZLWKWKHODUJHVWOHQGLQJFRPPLWPHQWVLQWKHUHJLRQRYHUWKHSDVWWZRILVFDO\HDUV DQG ,%5'DQG,'$FRPPLWPHQWVGRQRWLQFOXGH

+HDYLO\,QGHEWHG3RRU&RXQWU\ +,3& ,QLWLDWLYHJUDQWV(IIHFWLYHILVFDO,%5'DQG,'$FRPPLWPHQWVLQFOXGHJXDUDQWHHVDQGJXDUDQWHHIDFLOLWLHV&RPPLWPHQWVWRUHJLRQDOSURMHFWV

DUHFODVVLILHGLQWKLVWDEOHDVUHJLRQDOSURMHFWVDQGDUHQRWFRXQWHGDVFRPPLWPHQWVRIWKHLQGLYLGXDOFRXQWULHVLQYROYHGLQWKHUHJLRQDOSURMHFW+RZHYHUXQGLVEXUVHGEDODQFHVJURVV

GLVEXUVHPHQWVUHSD\PHQWVQHWGLVEXUVHPHQWVLQWHUHVWDQGFKDUJHVDQGQHWWUDQVIHUVDUHUHSRUWHGRUFODVVLILHGXQGHUWKHLQGLYLGXDOFRXQWULHVEHFDXVHWKHLQGLYLGXDODPRXQWVDUH

FRYHUHGE\VHSDUDWHORDQFUHGLWJUDQWRUJXDUDQWHHDJUHHPHQWVDQGDUHJXDUDQWHHGE\WKHLQGLYLGXDOFRXQWULHV'LVEXUVHPHQWVDUHPDGHWRWKHLQGLYLGXDOFRXQWULHVDQGSULQFLSDO

LQWHUHVWDQGFKDUJHVDUHELOOHGWRWKHLQGLYLGXDOFRXQWULHV5HSD\PHQWVDUHPDGHE\WKHLQGLYLGXDOFRXQWULHVDQGDOVRLQFOXGHSD\PHQWVIURPGRQRUVXQGHUGHEWVHUYLFHWUXVWIXQGVRU

GHEWUHOLHIXQGHU+,3&DQGWKH0XOWLODWHUDO'HEW5HOLHI,QLWLDWLYH 0'5, 1XPEHUVPD\QRWDGGWRWRWDOVEHFDXVHRIURXQGLQJ6RXWK$VLD:RUOG%DQN&RPPLWPHQWV'LVEXUVHPHQWVDQG1HW7UDQVIHUV_)LVFDO±

,QGLD %DQJODGHVK 3DNLVWDQ 7RWDOUHJLRQ

2SHUDWLRQV$SSURYHGIRU,%5'DQG,'$$VVLVWDQFHE\5HJLRQDQG&RXQWU\_)LVFDO

PLOOLRQVRIGROODUV

5HJLRQDQG&RXQWU\

2SHUDWLRQV$PRXQW2SHUDWLRQV$PRXQW2SHUDWLRQV$PRXQW

$IULFD $IULFD UHJLRQDO       $QJROD   %HQLQ      %RWVZDQD   %XUNLQD)DVR      %XUXQGL   &DER9HUGH    &DPHURRQ       &HQWUDO$IULFDQ5HSXEOLF      &KDG      &RPRURV   &RQJR'HPRFUDWLF5HSXEOLFRI      &RQJR5HSXEOLFRI   &RWHG ,YRLUH      (VZDWLQL    (WKLRSLD      *DERQ      *DPELD7KH   *KDQD      *XLQHD      *XLQHD%LVVDX   .HQ\D       /HVRWKR      /LEHULD     

0DGDJDVFDU

    

0DODZL

     0DOL     

0DXULWDQLD

 

0R]DPELTXH  

  1LJHU     

1LJHULD

 

5ZDQGD

    

6DR7RPHDQG3ULQFLSH

 

6HQHJDO

   

6LHUUD/HRQH

    

6RPDOLD



6RXWK$IULFD

 

6RXWK6XGDQ

    

7DQ]DQLD

  7RJR  

8JDQGD

     =DPELD     

7RWDO      

(DVW$VLDDQG3DFLILF&DPERGLD   &KLQD     )LML    ,QGRQHVLD    ,%5' ,'$ 7RWDO .LULEDWL  /DR3HRSOH

V'HPRFUDWLF5HSXEOLF 

  

0DUVKDOO,VODQGV 



0LFURQHVLD)HGHUDWHG6WDWHVRI 



0RQJROLD   

0\DQPDU   

3DFLILF,VODQGV   

3DSXD1HZ*XLQHD 

  

3KLOLSSLQHV

   

6DPRD 

  

6RORPRQ,VODQGV 

  

7LPRU/HVWH   

7RQJD 

  

7XYDOX 

  

9DQXDWX 

9LHWQDP 

  

7RWDO      

(XURSHDQG&HQWUDO$VLD $OEDQLD $UPHQLD   %HODUXV     %RVQLDDQG+HU]HJRYLQD   &URDWLD   (XURSHDQG&HQWUDO$VLD UHJLRQDO  *HRUJLD     .D]DNKVWDQ  .RVRYR  .\UJ\]5HSXEOLF 

0ROGRYD

   

0RQWHQHJUR



1RUWK0DFHGRQLD

 

5RPDQLD

   

6HUELD

   

7DMLNLVWDQ

   

7XUNH\

   

8NUDLQH

   

8]EHNLVWDQ

     :HVWHUQ%DONDQV  

7RWDO      

/DWLQ$PHULFDDQGWKH&DULEEHDQ $UJHQWLQD    %ROLYLD  %UD]LO     &KLOH  &RORPELD     'RPLQLFD  'RPLQLFDQ5HSXEOLF     (FXDGRU     (O6DOYDGRU     *UHQDGD  *XDWHPDOD     *X\DQD  +DLWL     +RQGXUDV    -DPDLFD 

0H[LFR

   

1LFDUDJXD



2(&6&RXQWULHV

 

3DQDPD



3DUDJXD\

    3HUX    

6W/XFLD



6W9LQFHQWDQGWKH*UHQDGLQHV



6XULQDPH

 

8UXJXD\



7RWDO      

0LGGOH(DVWDQG1RUWK$IULFD

'MLERXWL    (J\SW$UDE5HSXEOLFRI     ,UDT     -RUGDQ     /HEDQRQ   

0RURFFR

   

7XQLVLD

    7RWDO      

6RXWK$VLD

$IJKDQLVWDQ    %DQJODGHVK     %KXWDQ   ,QGLD   

0DOGLYHV 



1HSDO 

  

3DNLVWDQ

  

6UL/DQND

  

6RXWK$VLD UHJLRQDO 



7RWDO      

2YHUDOO7RWDO      

1RWH2(&6 2UJDQL]DWLRQRI(DVWHUQ&DULEEHDQ6WDWHV'DWDLQFOXGHVJXDUDQWHHVVXSSOHPHQWDODQGDGGLWLRQDOILQDQFLQJRSHUDWLRQVDV

VHSDUDWHOHQGLQJRSHUDWLRQV-RLQW,%5','$RSHUDWLRQVDUHLQFOXGHGLQERWKWKH,'$DQG,%5'QXPEHURIRSHUDWLRQVFRXQWEXWRQO\RQFHLQWKH

7RWDO$EODQNVSDFHLQGLFDWHV]HUR'DWDDVRI

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

%XUNLQD)DVR 3 )LUVW)LVFDO0DQDJHPHQW6XVWDLQDEOH*URZWKDQG+HDOWK6HUYLFH'HOLYHU\'HYHORSPHQW3R

  

&DER9HUGH 3 &DER9HUGH'LVDVWHU5LVN0DQDJHPHQW'HYHORSPHQW3ROLF\)LQDQFLQJZLWK&DW''2   

&DER9HUGH 3 &DER9HUGH'32

&HQWUDO$IULFDQ5HSXEOLF 3 )LUVW&RQVROLGDWLRQDQG6RFLDO,QFOXVLRQ'HYHORSPHQW3URJUDP   

&KDG 3 &KDG)LUVW3URJUDPPDWLF(FRQRPLF5HFRYHU\DQG5HVLOLHQFH*UDQW   

&RORPELD 3 6HFRQG)LVFDO6XVWDLQDELOLW\&RPSHWLWLYHQHVVDQG0LJUDWLRQ'3)   

&RWHG

,YRLUH 3 &',7KLUG)LVFDO0DQDJHPHQW(GXFDWLRQ(QHUJ\DQG&RFRD5HIRUPV'3)   

(FXDGRU 3 )LUVW,QFOXVLYHDQG6XVWDLQDEOH*URZWK'3)   

(J\SW$UDE5HSXEOLFRI 3 3ULYDWH6HFWRU'HYHORSPHQWIRU,QFOXVLYH*URZWK'3)   

(WKLRSLD 3 (WKLRSLD*URZWKDQG&RPSHWLWLYHQHVV   

*DERQ 3 *DERQ6HFRQG)LVFDO&RQVROLGDWLRQDQG,QFOXVLYH*URZWK'3)   

*XDWHPDOD 3 *XDWHPDOD'50'HYHORSPHQW3ROLF\/RDQZLWK&$7''2,,   

*XLQHD 3 *XLQHD6HFRQG0DFURHFRQRPLFDQG)LVFDO0DQDJHPHQW'32   

+DLWL 3 +DLWL)LVFDODQG6RFLDO5HVLOLHQFH'HYHORSPHQW3ROLF\)LQDQFLQJ   

,QGLD 3 6HFRQG3URJUDPPDWLF(OHFWULFLW\'LVWULEXWLRQ5HIRUP'3/IRU5DMDVWKDQ   

,QGLD 3 6KLPOD:DWHU6XSSO\DQG6HZHUDJH6HUYLFH'HOLYHU\5HIRUP3URJUDPPDWLF'HYHORSPHQW   

,QGLD 3 7KH)LUVW5HVLOLHQW.HUDOD3URJUDP'HYHORSPHQW3ROLF\2SHUDWLRQ   

,QGRQHVLD 3 ,QGRQHVLD)LVFDO5HIRUP'3/   

-RUGDQ 3 -RUGDQ6HFRQG(TXLWDEOH*URZWK -RE&UHDWLRQ3URJUDPPDWLF'HYHORSPHQW3ROLF\)LQDQF

  

.HQ\D 3 ,QFOXVLYH*URZWKDQG)LVFDO0DQDJHPHQW'HYHORSPHQW3ROLF\)LQDQFLQJ   

.LULEDWL 3 .LULEDWL)LIWK(FRQRPLF5HIRUP'HYHORSPHQW3ROLF\2SHUDWLRQ   

.\UJ\]5HSXEOLF 3 .\UJ\]5HSXEOLF(FRQRPLF*RYHUQDQFH'32  

/DR3HRSOH

V'HPRFUDWLF5HSXEOLF 3 /DR3'5*UHHQ5HVLOLHQW*URZWK'32   

0DGDJDVFDU 3 0*6HFRQG,QFOXVLYHDQG5HVLOLHQW*URZWK'32   

0DGDJDVFDU 3 )LVFDO6XVWDLQDELOLW\DQG(QHUJ\'HYHORSPHQW3ROLF\2SHUDWLRQ   

0DODZL 3 0$/$:,'LVDVWHU5LVN0DQDJHPHQW'HYHORSPHQW3ROLF\)LQDQFLQJZLWK&DW''2   

&RXQWU\ 3URMHFW,' 2SHUDWLRQ,%5' ,'$ 7RWDO

0DOL 3 6HFRQGSRYHUW\UHGXFWLRQDQGLQFOXVLYHJURZWK'32   

0H[LFR 3 0H[LFR)LQDQFLDO,QFOXVLRQ'3)   

0ROGRYD 3 0ROGRYD(FRQRPLF*RYHUQDQFH'32   

0RURFFR 3 )LQDQFLDO,QFOXVLRQDQG'LJLWDO(FRQRP\'3)   

1HSDO 3 1HSDO(QHUJ\6HFWRU'HYHORSPHQW3ROLF\&UHGLW   

1HSDO 3 1HSDO)RXUWK)LQDQFLDO6HFWRU6WDELOLW\&UHGLW'3&   

1HSDO 3 3URJUDPPDWLF)LVFDODQG3XEOLF)LQDQFLDO0DQDJHPHQW'HYHORSPHQW3ROLF\&UHGLW ,,   

1LJHU 3 1LJHU6HFRQG'326HULHV   

3DSXD1HZ*XLQHD 3 3DSXD1HZ*XLQHD'HYHORSPHQW3ROLF\2SHUDWLRQ   

3KLOLSSLQHV 3 ,PSURYLQJ)LVFDO0DQDJHPHQW   

5ZDQGD 3 6HFRQG5ZDQGD(QHUJ\6HFWRU'HYHORSPHQW3ROLF\2SHUDWLRQ   

6DPRD 3 6HFRQG5HVLOLHQFH'HYHORSPHQW3ROLF\2SHUDWLRQZLWKD&DW''2   

6HQHJDO 3 6HQHJDO6HFRQG0XOWL6HFWRUDO6WUXFWXUDO5HIRUP'3)   

6LHUUD/HRQH 3 6LHUUD/HRQH6HFRQG3URGXFWLYLW\DQG7UDQVSDUHQF\6XSSRUW*UDQW   

6W9LQFHQWDQGWKH*UHQDGLQHV 3 )LUVW)LVFDO5HIRUPDQG5HVLOLHQFH'HYHORSPHQW3ROLF\&UHGLW   

7RJR 3 7RJR6HFRQG)LVFDO0DQDJHPHQW ,QIUDVWUXFWXUH5HIRUP'32   

7RQJD 3 7RQJD7KLUG,QFOXVLYH*URZWK'HYHORSPHQW3ROLF\2SHUDWLRQ 

7XYDOX 3 7XYDOX)RXUWK'HYHORSPHQW3ROLF\2SHUDWLRQ   

8NUDLQH 3 8NUDLQH3ROLF\%DVHG*XDUDQWHH   

8]EHNLVWDQ 3 6XVWDLQLQJ0DUNHW5HIRUPVLQ8]EHNLVWDQ'HYHORSPHQW3ROLF\2SHUDWLRQ   

9LHWQDP 3 +R&KL0LQK&LW\'HYHORSPHQW3ROLF\2SHUDWLRQ   

7RWDO  1RWH1XPEHUVPD\QRWDGGWRWRWDOVEHFDXVHRIURXQGLQJ



5HJLRQ

PLOOLRQV SHUFHQW PLOOLRQV SHUFHQW PLOOLRQV SHUFHQW PLOOLRQV SHUFHQW PLOOLRQV SHUFHQW

$IULFD         (DVW$VLDDQG3DFLILF          (XURSHDQG&HQWUDO$VLD          /DWLQ$PHULFDDQGWKH&DULEEHDQ         

0LGGOH(DVWDQG1RUWK$IULFD

        

6RXWK$VLD

        

7RWDO

         :RUOG%DQNGHYHORSPHQWSROLF\ORDQFRPPLWPHQWV ,%5'          ,'$          7RWDO          :RUOG%DQNWRWDOOHQGLQJFRPPLWPHQWV ,%5'     ,'$     7RWDO    

6KDUHRIGHYHORSPHQWSROLF\FRPPLWPHQWV 1RWH1XPEHUVPD\QRWDGGWRWRWDOVEHFDXVHRIURXQGLQJ,'$WRWDOOHQGLQJFRPPLWPHQWVIRUILVFDOGRQRWLQFOXGHDPLOOLRQJUDQWIRUWKH3DQGHPLF(PHUJHQF\)LQDQFLQJ)DFLOLW\:RUOG%DQN'HYHOR

S PHQW3ROLF \ &RPPLWPHQWV _ )LVFDO±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{WHG ,YRLUH    ,%5'DQG,'$&XPXODWLYH/HQGLQJE\&RXQWU\_)LVFDO±

PLOOLRQVRIGROODUV

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

0DGDJDVFDU   

0DODZL  

0DOD\VLD  

0DOGLYHV 

0DOL  

0DOWD

0DUVKDOO,VODQGV 

0DXULWDQLD   

0DXULWLXV   

0H[LFR  

0LFURQHVLD)HG 

0ROGRYD  

0RQJROLD 

0RQWHQHJUR   

0RURFFR   

0R]DPELTXH 

0\DQPDU  

1DPLELD 

1HSDO 

1HWKHUODQGV  

1HZ=HDODQG  

1LFDUDJXD   

1LJHU 

1LJHULD   

1RUWK0DFHGRQLD   

1RUZD\ 

,%5' ,'$ ,%5','$ &RXQWU\ $PRXQW $PRXQW $PRXQW 2(&6 D FRXQWULHV   2PDQ  

3DFLILF,VODQGV 

3DNLVWDQ   

3DQDPD  

3DSXD1HZ*XLQHD   

3DUDJXD\   

3HUX 

3KLOLSSLQHV   

3RODQG  

3RUWXJDO  

5RPDQLD  

5XVVLDQ)HGHUDWLRQ  

5ZDQGD 

6DPRD 

6mR7RPpDQG3UtQFLSH 

6HQHJDO  

6HUELD  

6H\FKHOOHV  

6LHUUD/HRQH   

6LQJDSRUH  

6ORYDN5HSXEOLF  

6ORYHQLD  

6RORPRQ,VODQGV 

6RPDOLD 

6RXWK$IULFD  

6RXWK$VLD UHJLRQDO  

6RXWK6XGDQ 

6SDLQ 

6UL/DQND   

6W.LWWVDQG1HYLV   

6W/XFLD  

6W9LQFHQWDQGWKH*UHQDGLQHV   

6XGDQ  

6XULQDPH 

6\ULDQ$UDE5HSXEOLF   

7DLZDQ&KLQD   

7DMLNLVWDQ 

7DQ]DQLD   

7KDLODQG   

7LPRU/HVWH   

7RJR  

,%5' ,'$ ,%5','$ &RXQWU\ $PRXQW $PRXQW $PRXQW

7RQJD 

7ULQLGDGDQG7REDJR  

7XQLVLD   

7XUNH\   

7XUNPHQLVWDQ  

7XYDOX 

8JDQGD  

8NUDLQH  

8UXJXD\  

8]EHNLVWDQ   

9DQXDWX 

9HQH]XHOD5%  

9LHWQDP   

2YHUDOOWRWDO   

1RWH(IIHFWLYHILVFDOOHQGLQJLQFOXGHVJXDUDQWHHVDQGJXDUDQWHHIDFLOLWLHV-RLQW,%5','$RSHUDWLRQVDUHFRXQWHGRQO\RQFH

DV,%5'RSHUDWLRQV:KHQPRUHWKDQRQHORDQLVPDGHIRUDVLQJOHSURMHFWWKHRSHUDWLRQLVFRXQWHGRQO\RQFH&RPPLWPHQWVLQ

UHJLRQDOSURMHFWVDUHFODVVLILHGLQWKLVWDEOHDVUHJLRQDOSURMHFWVDQGDUHQRWFRXQWHGDVFRPPLWPHQWVRIWKHLQGLYLGXDOFRXQWULHV

LQYROYHGXQGHUWKHUHJLRQDOSURMHFW,'$ILJXUHVH[FOXGHWKH+,3&JUDQWVRIPLOOLRQWR&{WHG ,YRLUHLQILVFDODQGD

3DQGHPLF(PHUJHQF\)LQDQFLQJ 3() JUDQWRIPLOOLRQLQ



$EODQNVSDFHLQGLFDWHV]HUR3URMHFWFRXQWVIRUFRXQWULHVDUHQRWLQFOXGHGLQWKLVWDEOHDVDSSURYHGRSHUDWLRQVPD\EHUHFODVVLILHG

DVVXSSOHPHQWDORUDGGLWLRQDOILQDQFLQJRSHUDWLRQVGXULQJWKHOLIHRIWKHSURMHFW&RQVHTXHQWO\WRWDOSURMHFWFRXQWVPD\IOXFWXDWHIURP

\HDUWR\HDU7KHFRPPLWPHQWWRWDOVWRFRXQWULHVKRZHYHUUHPDLQFRQVWDQWUHJDUGOHVVRIWKHSURMHFW

VFODVVLILFDWLRQ

D2(&6 2UJDQL]DWLRQRI(DVWHUQ&DULEEHDQ6WDWHV

5HJLRQ ELOOLRQV SHUFHQW

$IULFD   (DVW$VLDDQG3DFLILF   (XURSHDQG&HQWUDO$VLD   /DWLQ$PHULFDDQGWKH&DULEEHDQ  

0LGGOH(DVWDQG1RUWK$IULFD

 

6RXWK$VLD

 

7RWDO 



6HFWRU

D ELOOLRQV SHUFHQW $JULFXOWXUH)LVKLQJDQG)RUHVWU\   (GXFDWLRQ   (QHUJ\DQG([WUDFWLYHV   )LQDQFLDO6HFWRU   +HDOWK   ,QGXVWU\7UDGHDQG6HUYLFHV   ,QIRUPDWLRQDQG&RPPXQLFDWLRQV7HFKQRORJLHV  

3XEOLF$GPLQLVWUDWLRQ

 

6RFLDO3URWHFWLRQ

 

7UDQVSRUWDWLRQ

  :DWHU6DQLWDWLRQDQG:DVWH0DQDJHPHQW  

7RWDO  D$VRIILVFDO\HDUQHZVHFWRUDQGWKHPHFDWHJRULHVKDYHUHSODFHGWKHSUHYLRXVWD[RQRP\DVSDUW

RIDQLQWHUQDOGDWDPRGHUQL]DWLRQHIIRUW3DVWILVFDO\HDUGDWDUHSRUWHGKHUHKDYHEHHQUHYLVHGWRUHIOHFW

WKHQHZFDWHJRULHVDQGWKHUHIRUHPD\QRWPDWFKILJXUHVSXEOLVKHGLQSUHYLRXVDQQXDOUHSRUWV'XHWR

PHWKRGRORJLFDOFKDQJHVLQILVFDOSDVW\HDU

VWKHPHGDWDLVQRWFRPSDUDEOHDQGFDQQRWEH

FRPELQHGLWLVWKHUHIRUHH[FOXGHGKHUH3OHDVHYLVLWSURMHFWVZRUOGEDQNRUJVHFWRUDQG

SURMHFWVZRUOGEDQNRUJWKHPHIRUPRUHLQIRUPDWLRQRQFKDQJHV$FWLYH3RUWIROLRE\5HJLRQDQG6HFWRU_-XQH

1HWFRPPLWPHQWV

1HWFRPPLWPHQWV

1RWH3RUWIROLRLQFOXGHV,%5','$RSHUDWLRQVRQO\

Annual Report 2019

New Operations Approved

6XPPDULHVRI2SHUDWLRQV$SSURYHGGXULQJ)LVFDO

5HJLRQ &RXQWU\ 3URMHFW1DPHDQG'HYHORSPHQW2EMHFWLYHV

3URMHFW,'

'DWHRI $SSURYDO)LUVW/DVW

0DWXULW

\ 'DWH D )LQDQFLQJ 7\SH)LQDQFLQJ ,QVWUXPHQW$GGLWLRQDO )LQDQFLQJ6SHFLDO )LQDQFLQ J E &LYLO6RFLHW\ ,QYROYHPHQW F ,%5' 86 ,'$ 86 ,'$ 6'5 H 6SHFLDO)LQDQFLQJ *UDQW 86 $)5$IULFD 5HJLRQDO   $IULFD5HJLRQDO6FKRODUVKLSDQG,QQRYDWLRQ)XQGIRU$SSOLHG

6FLHQFHV(QJLQHHULQJDQG7HFKQRORJ\3URMHFWVWUHQJWKHQVWKH

LQVWLWXWLRQDOFDSDFLW\IRUTXDOLW\DQGVXVWDLQDEOHGRFWRUDOWUDLQLQJUHVHDUFK DQGLQQRYDWLRQLQWUDQVIRUPDWLYHWHFKQRORJLHVLQ6XE6DKDUDQ$IULFD3  J ,3)  r 6RODU'HYHORSPHQWLQ6XE6DKDUDQ$IULFD 3KDVH VWUHQJWKHQVWKH UHJLRQDOWHFKQLFDOFDSDFLW\IRUSUHSDUDWLRQRIODUJHVFDOHVRODUSDUNVDQG

LQWHJ

UDWLRQRIVRODUHOHFWULFLW \ LQWRWKH J ULGV3  J ,3)  r

1R    

$)5 $IULFD 5HJLRQDO   *XLQHD±0DOL,QWHUFRQQHFWLRQ3URMHFWLQFUHDVHVHOHFWULFLW\VXSSO\WRWKH HDVWHUQSDUWRI*XLQHDHQDEOHVHOHFWULFLW\WUDGHEHWZHHQ*XLQHDDQG0DOL DQGLQFUHDVHV*XLQHD¶VHOHFWULFLW\H[SRUWFDSDELOLW\WRZDUGVRWKHU:HVW$

IULFDQ3RZHU3RROFRXQWULHV3   FJ ,3) 

r

1R    

$)5 $IULFD 5HJLRQDO   (DVW$IULFDQ&RPPXQLW\6WDWLVWLFV'HYHORSPHQWDQG+DUPRQL]DWLRQ

5HJLRQDO3URMHFWVXSSRUWVWKHSURGXFWLRQRIKDUPRQL]HGDQGTXDOLW\

VWDWLVWLFVLQWKH(DVW$IULFDQ&RPPXQLW\ ($& LQVXSSRUWRIUHJLRQDO LQWHJUDWLRQWKURXJKFDSDFLW\EXLOGLQJRIWKH1DWLRQDO6WDWLVWLFDO2IILFHVRI WKH($&SDUWQHUVWDWHVDQGWKH($&6HFUHWDULDW3  J ,3) r 6XSSRUWIRU&DSDFLW\'HYHORSPHQWRIWKH$IULFDQ8QLRQ&RPPLVVLRQ DQG2WKHU$IULFDQ8QLRQ2UJDQV3URMHFW $GGLWLRQDO)LQDQFLQJ 

VWUHQJWKHQVWKH$IULFDQ8QLRQ&RPPLVVLRQ

VFDSDFLW\WRIDFLOLWDWHUHJLRQDO

LQWHJUDWLRQUHVXOWVDQGWUDQVIRUPDWLRQWKURXJKHQKDQFHGLQVWLWXWLRQDO

HIILFLHQF

\ 3  J ,3) <HV r UDWLRQLQ(DVW$IULFD3   FJ ,3) r

1R   

$)5 $IULFD 5HJLRQDO  

1RUWK&RUH'RUVDOH1RUG5HJLRQDO3RZHU,QWHUFRQQHFWRU3URMHFW

LQFUHDVHVWKHFDSDFLW\WRWUDGHHOHFWULFLW\EHWZHHQ1LJHULD1LJHU%HQLQ DQG%XUNLQD)DVRUHGXFHVWKHFRVWRIHOHFWULFLW\VXSSO\WKURXJKLQFUHDVHG

UHJLRQDOHQHUJ\WUDGHLQFUHDVHVDFFHVVWRHOHFWULFLW\LQ%XUNLQD)DVR3   FJ ,3) 

r

1R   

$)5 $IULFD 5HJLRQDO   (FRQRPLF&RPPXQLW\RI:HVW$IULFDQ6WDWHV5HJLRQDO(OHFWULFLW\ $FFHVV3URMHFWLQFUHDVHVJULGHOHFWULFLW\DFFHVVLQ*XLQHD%LVVDX0DOL DQG7KH*DPELD3   FJ ,3)  r

1R   

$)5 $IULFD 5HJLRQDO   $JULFXOWXUDO3URGXFWLYLW\3URJUDPIRU6RXWKHUQ$IULFDLQFUHDVHV DYDLODELOLW\RILPSURYHGDJULFXOWXUDOWHFKQRORJLHVLQSDUWLFLSDWLQJFRXQWULHVLQ

WKH6RXWKHUQ$IULFD'HYHORS

PHQW&RPPXQLW \ UH J LRQ3   FJO ,3)  r 6DKHO:RPHQ V(PSRZHUPHQWDQG'HPRJUDSKLFV3URMHFW $GGLWLRQDO )LQDQFLQJ LQFUHDVHVZRPHQDQGDGROHVFHQWJLUOV¶HPSRZHUPHQWDQGWKHLU DFFHVVWRTXDOLW\UHSURGXFWLYHFKLOGDQGPDWHUQDOKHDOWKVHUYLFHVLQ VHOHFWHGDUHDVRIWKHSDUWLFLSDWLQJFRXQWULHVLQFOXGLQJ%HQLQDQGLPSURYHV UHJLRQDONQRZOHGJHJHQHUDWLRQDQGVKDULQJDVZHOODVUHJLRQDOFDSDFLW\

DQGFRRUGLQDWLRQ3  J ,3) r HFLDOL]DWLRQDQGFROODERUDWLRQ3   FJ ,3) 

r 7HPDQH5HJLRQDO(OHFWULFLW\*XDUDQWHHHQKDQFHVWUDQVPLVVLRQFDSDFLW\

IRUGRPHVWLFDQGUHJLRQDOPDUNHWVDQGLQFUHDVHVHOHFWULFLW\JHQHUDWLRQ FD S DFLW \ WKURX J K S ULYDWHVHFWRU S DUWLFL S DWLRQ3  JX ,3) rr

1R    

$)5 $IULFD 5HJLRQDO  

7HPDQH5HJLRQDO(OHFWULFLW\3URMHFWHQKDQFHVWUDQVPLVVLRQFDSDFLW\IRU

GRPHVWLFDQGUHJLRQDOPDUNHWVDQGLQFUHDVHVHOHFWULFLW\JHQHUDWLRQ FD S DFLW \ WKURX J K S ULYDWHVHFWRU S DUWLFL S DWLRQ3  J ,3) rr

1R   

$)5 %HQLQ &RPPXQLW\DQG/RFDO*RYHUQPHQW%DVLF6RFLDO6HUYLFHV3URMHFW LPSURYHVDFFHVVWRGHFHQWUDOL]HGEDVLFVRFLDOVHUYLFHVDQGVRFLDOVDIHW\

QHWVDQGVWUHQJ

WKHQVWKHVRFLDO S URWHFWLRQV \ VWHP3  J ,3)  r

1R    

$)5 %HQLQ

6HFRQG)LVFDO5HIRUPDQG*URZWK'HYHORSPHQW3ROLF\2SHUDWLRQ

VWUHQJWKHQVILVFDOPDQDJHPHQWLQFUHDVHVDJULFXOWXUDOSURGXFWLYLW\DQG VWUHQJWKHQVWKHILQDQFLDOYLDELOLW\RIWKHSRZHUVHFWRUDQGLPSURYHV H T

XLWDEOHDFFHVVWRHGXFDWLRQDQGKHDOWKVHUYLFHV3   F '3) 

r

1R    

$)5 %HQLQ

6HFRQG)LVFDO5HIRUPDQG*URZWK3ROLF\%DVHG*XDUDQWHH

VWUHQJWKHQVILVFDOPDQDJHPHQWLQFUHDVHVDJULFXOWXUDOSURGXFWLYLW\DQG VWUHQJWKHQVWKHILQDQFLDOYLDELOLW\RIWKHSRZHUVHFWRUDQGLPSURYHV H T

XLWDEOHDFFHVVWRHGXFDWLRQDQGKHDOWKVHUYLFHV3  JX ,3) r

1R    

$)5 %HQLQ (DUO\VHUYLFHVLQWDU J HWHGDUHDVRIEHQHILWLQ J FRPPXQHVLQ%HQLQ3  J ,3)  r 6WRUPZDWHU0DQDJHPHQWDQG8UEDQ5HVLOLHQFH3URMHFWUHGXFHVIORRG ULVNVLQVHOHFWHGDUHDVRI&RWRQRXDQGVWUHQJWKHQVXUEDQUHVLOLHQFH PDQD J HPHQWFD S DFLW \ DWWKHFLW \ OHYHO3   F ,3) rr 3ULQFLSDO&RPPLWPHQW$PRXQWV PLOOLRQV G

5HJLRQ &RXQWU\ 3URMHFW1DPHDQG'HYHORSPHQW2EMHFWLYHV

3URMHFW,'

'DWHRI $SSURYDO)LUVW/DVW

0DWXULW

\ 'DWH D )LQDQFLQJ 7\SH)LQDQFLQJ ,QVWUXPHQW$GGLWLRQDO )LQDQFLQJ6SHFLDO )LQDQFLQ J E &LYLO6RFLHW\ ,QYROYHPHQW F ,%5' 86 ,'$ 86 ,'$ 6'5 H 6SHFLDO)LQDQFLQJ *UDQ