FY 2021 BALANCED APPROACH BETWEEN INVESTMENT AND COST MANAGEMENT
PRUDENT PROVISIONING IN UNCERTAIN ECONOMIC ENVIRONMENT
Strong Performing ACL Coverage
Performing ACL/LTM PCL on Impaired Loans
1.8x
3.8x
3.3x
2.8x
2.8x 2.8x
3.0x
4.8x
Total Allowances Cover 7.9X NCOs
Total ACL/LTM Net Charge-Offs
7.9x
6.4x
6.6x
5.9x
5.4x
4.7x
4.1x
2.6x
Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21
Total Bank
Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21
Total Bank
Prudent Reserve Build
Total PCL Less Net Charge-Offs ($MM)
F2021
F2020
F2019
F2018
Strong Total ACL Coverage
Total ACL/Total Loans (excl. POCI and FVTPL)
Q4 21
Q3 21
Q4 20
Q1 20
Total Bank Reserve Build
(Release)
($146)
$596
$48
$5
Mortgages
0.20%
0.20%
0.21%
0.15%
Credit Cards
7.35%
8.55%
10.06%
7.14%
Total Retail
0.49%
0.52%
0.66%
0.53%
Total Non-Retail
1.04%
1.13%
1.22%
0.58%
Total Bank
0.72%
0.77%
0.90%
0.56%
Note: Performing ACL includes allowances on drawn ($708M), undrawn ($143M) and other assets ($28M).
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