Global Banking and Markets Financial Performance
RISK REVIEW
Overall credit fundamentals are within expectations
IAS 39
IFRS 9
PCLS ($MM) AND PCL RATIO ON IMPAIRED LOANS1, 2
45 bps
45 bps
49 bps
42 bps
43 bps
553
587
573
536
564
Q1/17
Q2/17
PCLs on impaired loans
GILS³, 4 ($B)
Q3/17
Q4/17
PCL ratio on impaired loans
Q1/18
5.4
5.2
4.9
4.9
5.0
Q1/17
Q2/17
Q3/17
Q4/17
Q1/18
.
·
YEAR-OVER-YEAR HIGHLIGHTS
PCLs 1, 2 on impaired loans of $564 million
were up 5% Q/Q and 2% Y/Y
。 PCLS related primarily to retail portfolios in
International Banking, mainly in the Latin America
region and Canadian Banking
Commercial and Corporate impaired loans were $52
million, primarily in International Banking
PCL ratio 1, 2 on impaired loans was up 1
bp Q/Q and down 2 bps Y/Y
PCL ratio 1,2 was 42 bps
。 PCLs on performing (Stage 1 and 2) reflected a
reversal of $20 million, mainly from improving credit
quality on non-retail International Banking portfolios
Gross impaired loans in Q1/18 reflects an
IFRS 9 transitional adjustment of $205
million
1 2018 amounts are based on IFRS 9. Prior period amounts were based on IAS 39
2 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures
3 Excludes loans acquired under the Federal Deposit Insurance Corporation (FDIC) guarantee related to the acquisition of R-G Premier Bank of Puerto Rico.
4 As of Q1/18, R-G Premier is included in International Commercial and International Retail
Scotiabank®
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