International Banking - Annual Overview
GLOBAL BANKING AND MARKETS: ENERGY EXPOSURES
Energy exposure is well diversified across sectors and geographies
⚫ $15.5 billion drawn energy exposure, is 3.0% of the Bank's total loan book, increased 1.2% Q/Q1
。 ~55% is investment grade
•
$13.1 billion of undrawn energy exposure, increased 10.0% Q/Q¹
。 -75% is investment grade
• Cumulative PCLs of $330 million from Q1/15 to Q4/17
。 Cumulative energy loan loss ratio of 2.1% is below our guidance of less than 3%
• We remain committed to our guidance and actively manage our exposures
DRAWN ENERGY EXPOSURE BY GEOGRAPHY2
DRAWN ENERGY EXPOSURE BY SECTOR
52%
E&P
1
2
3
$15.5B
9%
Oil Field
Services
16%
Downstream
23%
Midstream
37%-
Canada
$15.5B
-16%
U.S.
47%
Other³
Quarter-over-quarter impact is calculated on a constant currency basis (inclusive of FX changes, drawn exposures increased 4.0% and undrawn commitments increased 12.0%)
By country of residence
Other includes Latin America, Asia and Europe
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