International Banking Revenue and Loan Growth
RISK REVIEW
Credit fundamentals remain strong. Stable PCL ratio
IAS 39
IFRS 9
PCLs ($MM) AND PCL RATIO ON IMPAIRED LOANS¹
1, 2, 3
46 bps
I
43 bps
42 bps
42 bps
41 bps
637
595
536
564
559
Q3/18
PCL ratio on impaired loans
Q4/17
Q1/18
Q2/18
PCLs on impaired loans
GILS4, 5, 6 ($B)
Q4/18
5.3
5.1
5.1
4.9
5.0
Q4/17
Q1/18
Q2/18
1 2018 amounts are based on IFRS 9. Prior period amounts were based on IAS 39
Q3/18
Q4/18
2 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures
3 Excludes acquisition-related costs including Day 1 impact on acquired performing loans
YEAR-OVER-YEAR HIGHLIGHTS
•
PCLs1,2 on impaired loans of $637
million were up 14% Q/Q and 19% Y/Y
o Higher retail provisions in International Banking
were driven mainly by acquisitions
PCL ratio 1,2 on impaired loans was up 1
bp Q/Q and flat Y/Y
The PCL ratio 1, 2 was 39 bps, down 1 bp
Q/Q3 and down 3 bps Y/Y
4 Excludes loans acquired under the Federal Deposit Insurance Corporation (FDIC) guarantee related to the acquisition of R-G Premier Bank of Puerto Rico.
5 As of Q1/18, R-G Premier is included in International Commercial and International Retail
6 Excludes impact of acquisitions in Q3/18 of $0.2B
Scotiabank®
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