Global Wealth Management and Banking Overview
Well Provisioned
Total ACLs ($MM)
7,820
7,810
7,403
-181
_182
220
6,079
1,957
1,994
5,095
-74
1,776
+53%
1,643
1,533 74
•
5,445
5,682
5,596
•
4,362
3,488
Q1/20
Q2/20
Q3/20
Q4/20
Q1/21
Performing Loan ACLs
Impaired Loan ACLS
Other4
Total PCLs ($MM) 1,2,3 and PCL Ratio²
119 bps
136 bps
2,181
73 bps
51 bps
1,846
-2
149
2
49 bps
155
752
670
1,131
3
771
330
62
764
4
-18
250
1,278
215
20
1,019
736
503
525
Q1/20
Q2/20
Q3/20
Q4/20
Q1/21
International Banking
Canadian Banking
Global Banking and Markets
•
·
Other³
HIGHLIGHTS
$7.8 billion in total ACLs, up $2.7 billion, or 53%
since Q1/20
Performing loan ACLs increased 60% since Q1/20,
or $2.1 billion
Total ACLS represents ~12 quarters of net write-
offs
HIGHLIGHTS
Total PCL ratio² of 49 bps decreased 2 bps Y/Y and
24 bps Q/Q
The Q/Q improvement was driven by lower PCL on
performing loans, mainly related to retail in
International Banking driven by the more
favourable macroeconomic outlook
1 Includes provision for credit losses on debt securities and deposit with banks of $nil in Canadian Banking, $nil in International Banking (Q1/20: -$1 million, Q2/20: $1 million, Q4/20: -$1 million), $nil in Global
Banking and Markets (Q3/20: $1 million, Q4/20: -$1 million), $nil in Global Wealth Management (Q3/20: -$1 million) and $nil in Other (Q1/20: $1 million, Q2/20: -$2 million, Q4/20: $2 million)
2 Refer to Non-GAAP Measures on slide 37 for adjusted results
3 Other includes provisions for credit losses in Global Wealth Management of $4 million (Q2/20: $2 million, Q3/20: $1 million, Q4/20: $3 million)
4 Includes ACLs on off-balance sheet exposures and ACLs on acceptances, debt securities and deposits with financial institutions
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