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Investments in Associates (Tables)
 3 Months Ended
Jan. 31, 2026
Investments accounted for using equity method [abstract]  
Significant Investments in Associates
The Bank had significant investments in the following associates:
 
  
  
  
 
  
  
 
  
  
 
  
As at 
 
  
  
  
 
  
  
 
  
  
 
  
  
 
  
January 31
2026
 
  
October 31
2025
 
($ millions)
  
Country of
incorporation
 
  
Nature of
business
 
  
Ownership
percentage
 
  
Date of financial
statements
(1)
 
  
Carrying
value
 
  
Carrying
value
 
KeyCorp
(2)
      United States        Banking        14.9 %       December 31, 2025     
$
4,338
 
    $  4,379  
Davivienda Group S.A.
(3)
      Colombia        Banking        20.3 %       September 30, 2025     
 
1,374
 
      –  
Bank of Xi’an Co. Ltd.
(4)
      China        Banking        18.1 %       September 30, 2025     
 
727
 
       729  
Maduro & Curiel’s Bank N.V.
(5)
      Curacao        Banking        48.1 %       December 31, 2025     
 
562
 
      570  
  (1)
Represents the date of the most recent financial statements.
  (2)
Based on the quoted price on the New York Stock Exchange, the market value of the Bank’s Investment in KeyCorp was $
4,742
 (October 31, 2025 – $
4,018
). The Bank has significant influence over KeyCorp through a combination of its ownership interest and board representation. During the period, dividends received from KeyCorp of $
47
were recognized as a reduction in the carrying value of the investment in associate. 
 
(3)
On December 1, 2025, the Bank completed the sale of its banking operations in Colombia, Costa Rica and Panama to Davivienda Group
 
S.A. in exchange for 20.3% ownership interest in the combined Davivienda Group
S.A
. The Bank’s ownership consists of 14.99% voting common shares and the remainder in non-voting preferred shares.
There is no quoted market price for the common shares. 
Following the closing, the investment was recognized at a fair value of $1,370 million as the Bank has significant influence over Davivienda Group
S.A. 
given its board representation and ownership interest. Refer to Note 19 for further details.
  (4)
Based on the quoted price on the Shanghai Stock Exchange, the Bank’s Investment in Bank of Xi’an Co. Ltd. was $591 (October 31, 2025 – $617). The Bank has significant influence over the Bank of Xi’an Co. Ltd. through a combination of its ownership interest and board representation.
  (5)
The local regulator requires financial institutions to set aside reserves for general banking risks. These reserves are not required under IFRS, and represent undistributed retained earnings related to a foreign associated corporation, which are subject to local regulatory restrictions. As of January 31, 2026, these reserves amounted to $
76
(October 31, 2025 – $
76).