Third Quarter 2023 Financial Results Overview
Canadian Consumer Lending
Net write-offs and delinquencies are in line with expectations
•
Net Write-offs:
Overall consumer net write-off ratio remained stable QoQ
YoY increase in credit cards and personal lending was driven by the
return towards pre-pandemic levels and rising interest rates
90+ Days Delinquencies:
Reported Net Write-Offs
Q1/20
Q3/22
Q2/23
Q3/23
Canadian Residential Mortgages
0.01%
0.01% <0.01% <0.01%
Canadian Credit Cards
3.16%
2.02%
2.95%
2.69%
Canadian Personal Lending
0.77%
0.52%
0.76%
0.80%
Unsecured
1.80%
1.05%
1.52%
1.54%
Secured
0.02%
0.02%
0.02%
0.03%
Total
0.28%
0.17%
0.25%
0.25%
•
Overall consumer 90+ days delinquency ratio was up slightly QoQ
90+ Days Delinquency Rates¹
Canadian Residential Mortgages
Q1/20
Q3/22
Q2/23
Q3/23
0.30%
0.14%
0.16%
0.17%
YoY increase largely driven by the return towards the pre-pandemic
level and rising interest rate environment
Uninsured
0.24%
0.11%
0.15%
0.15%
Insured
0.43%
0.26%
0.24%
0.25%
Canadian Credit Cards
0.82%
0.66%
0.65%
0.58%
Canadian Personal Lending
0.37%
0.34%
0.43%
0.45%
Unsecured
0.47%
0.41%
0.51%
0.53%
Secured
0.32%
0.24%
0.37%
0.33%
Total
0.34%
0.19%
0.22%
0.23%
Net Write-off Ratio¹
Balances ($B; principal)
315
321
324
16
17
18
39
41
41
54
50
49
0.25%
0.25%
0.17%
137
206
213
216
198
207
Q3/22
Q2/23
Net Write-offs ($MM) 1
Q3/23
Net Write-off Ratio
Endnotes are included on slides 46 to 51.
CIBC◇
Q3/22
Q2/23
Q3/23
■Uninsured Mortgages Insured Mortgages Personal Lending Cards
Third Quarter, 2023
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