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CIBC Announces Changes to Supplementary Financial Information due to IFRS 9 "Financial Instruments"

TORONTO, Feb. 12, 2018 /CNW/ - CIBC (TSX: CM) (NYSE: CM) released today on the investor relations section of its website, a template of the new format for the Supplemental Financial Information Package that will be released with its first quarter results on February 22, 2018 with the adoption of IFRS 9 "Financial Instruments" (IFRS 9).

The release of this template is intended to help readers of the Bank's financial statements better understand the changes in presentation resulting from IFRS 9. The template of the Supplementary Financial Information is available for download at https://www.cibc.com/en/about-cibc/investor-relations/quarterly-results.html.

Changes are indicated relative to the Supplementary Financial Information Package for the fourth quarter of 2017. This template does not include financial information or any changes in content subsequent to the fourth quarter of 2017, apart from those related to IFRS 9.

More information on the adoption and impact of IFRS 9 can be found in CIBC's 2017 Annual Report and first quarter 2018 Report to Shareholders.

About CIBC

CIBC is a leading Canadian-based global financial institution with 11 million personal banking, business, public sector and institutional clients. Across Personal and Small Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada,  in the United States and around the world. Ongoing news releases and more information about CIBC can be found at http://cibc.mediaroom.com/.  

SOURCE CIBC - Investor Relations

For further information: Investor Relations: Alice Dunning, 416-861-8870, alice.dunning@cibc.com; Jason Patchett, 416-980-8691, jason.patchett@cibc.com; Investor & Financial Communications, Erica Belling, 416-594-7251, erica.belling@cibc.com
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