Canadian Banking and Residential Mortgages Overview
Loan Portfolio
84%
Real Estate
Secured Lending
• High Quality Residential Mortgage Portfolio
。 29% insured; remaining 71% uninsured has an LTV of 49%¹
。 Mortgage business model is “originate to hold"
。 New originations² in Q1/22 had average uninsured LTV of 64%
。 Majority is freehold properties; condominiums represent
approximately 15% of the portfolio
• Market Leader in Auto Loans
。 $39.1 billion retail auto loan portfolio with 9 OEM relationships (5
exclusive)
Prime Auto and Leases (~93%)
。 Stable lending tenor with contractual terms for new originations
averaging 80 months (~6.5 years) with projected effective terms of
54 months (4.5 years)
• Prudent Growth in Credit Cards
o $7 billion credit card portfolio represents ~2% of domestic retail loan
book and ~1% of the Bank's total loan book
o Organic growth strategy focused on payments and deepening
relationships with existing customers
4%
Unsecured
DOMESTIC RETAIL
LOAN BOOK³
$368Bn
2%
Credit Cards
1LTV calculated based on the total outstanding balance secured by the property. Property values indexed using Teranet HPI data
2 New originations defined as newly originated uninsured residential mortgages and have equity lines of credit, which include mortgages for purchases
refinances with a request for additional funds and transfer from other financial institutions
3 Spot Balance as of January 31, 2022; Percentages may not add to 100% due to rounding
4 Net of allowance for credit losses
11%
Automotive
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