Economic Backdrop and Financial Performance Objectives
Canadian Banking: Credit outcomes impacted by higher rates, as anticipated
Canadian Banking (CB) PCL on Impaired Loans and Gross Impaired Loans
CB Retail FICO Score Distribution (Q1/24)
Q1/24 Avg PCL on Impaired Loans
Loan
Balances
(bps) (1)
Gross Impaired Loans
(bps)
Avg
<620
3.3%
FICO
Score
620-
($BN)
Q1/23 Q4/23 Q1/24
Q1/23
Q4/23 Q1/24
(Q1/24)
680
6.9% 681-
Residential Mortgages (2)
377.6
1
3
3
11
13
16
791
720
9.7%
Personal Lending(3)
77.1
52
72
78
26
31
35
774
Credit Cards
22.5
199
223
260
75 (4)
78 (4)
90 (4)
735
786
weighted
average
Small Business
13.9
63
(15)
81
132
178
191
n.a.
Commercial
114.0
10
25
45
44
56
81
n.a.
Total
605.1
18
24
32
21
26
35
786(5)
>720
80.1%
In Q4/23, the PCL ratio in Small Business benefitted from a reversal of provisions taken on
government guaranteed HASCAP (6) loans
CB Delinquencies by Days Past Due (bps) (7)
CB 30-89 Day Delinquencies by Product (bps) (7)
40
■30-59 Days ■ 60-89 Days
160
35
140
30
25
20
GNN
13
120
11
100
9
7
9
80
60
15
22
40
22
22
10
18
19
20
16
5
20
0
Q1/23
Q2/23
Q3/23
Q4/23
Q1/24
■ Q1/23
■ Q2/23
■ Q3/23 ■ Q4/23
Residential
Mortgages
HELOCS
Personal
Lending
(Excluding
HELOCs)
Q1/24
Cards
Small
Business
Commercial
(1) Calculated using average loans and acceptances, net of allowance. (2) Includes $11.7BN of mortgages on multi-unit residential buildings originated in P&CB Business Banking. (3) Personal Lending includes Indirect Lending, Overdraft,
Personal Loans and HELOC. (4) Represents 90+ Days Past Due, as there are no GIL balances for Credit Cards. (5) Average FICO is balance weighted for all retail products. (6) HASCAP - Highly Affected Sectors Credit Availability Program
(7) Includes restrained accounts, where loans 30-59 days past due resulting from administrative processes, such as mortgage loans, where payments have been restricted pending payout due to sale or refinancing.
30 | RISK REVIEW
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