International Banking Volume & Growth Summary
ENERGY EXPOSURES1
Well managed and performance better than expected
COMMITTED TO OUR GUIDANCE
OF A CUMULATIVE PCL RATIO
OF LESS THAN 3%² SINCE 2015
• Cumulative PCL ratio of 2.1% as of Q4/172
⚫ Risk of loss has declined in this sector
DRAWN CORPORATE
ENERGY EXPOSURE
OF $15.5 BILLION
INCREASED 1.2% Q/Q³
UNDRAWN COMMITMENTS OF
$13.1 BILLION INCREASED 10.0% Q/Q³
Approximately 55% investment grade
Approximately 75% investment grade
1 Exposures relate to loans and acceptances outstanding as of October 31, 2017 and to undrawn commitments attributed/related to those drawn loans and acceptances.
2 Cumulative PCL ratio by sector is calculated as total PCLs over the period Q1/15 - Q4/17 divided by the average quarterly exposure over the period Q1/15 - Q4/17.
3 Quarter-over-quarter impact is calculated on a constant currency basis. Inclusive of FX changes drawn exposures increased 4.0% and undrawn commitments decreased 12.0%.
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