Q4 2019 Financial Performance
•
•
Energy Exposure¹
High quality energy portfolio, reduced exposure to 2.7% of total loans from 3.1% in Q4/16
Loans and
Acceptances
Outstanding ($B)
% of Total % of Total Loans and
% Investment
Energy
Exposure
Acceptances
Grade
Outstanding
7.1
43%
1.2%
62%
Total Exploration and Production
3.6
Canadian E&P
21%
0.6%
76%
Western Canadian Select Exposure
1.3
8%
0.2%
93%
1.2
7%
0.2%
57%
U.S. E&P
5.6
34%
0.9%
51%
Midstream
Services
1.6
9%
0.3%
21%
2.4
14%
0.4%
69%
Downstream
Total Energy Exposure²
16.6
100%
2.7%
56%
Energy portfolio represents 2.7% of loans and
acceptances outstanding, down from 3.1% in Q4/16
56% is rated Investment Grade (IG), up from 52% in
Q4/16
Watchlist³ reduced to 4.0% of total Energy outstandings
from 13.6% as of Q4/16
1 As of October 31, 2019.
2 May not add due to rounding
3 Includes Impaired accounts
4 RWA based on All Facility Types
Canada
(60%)
6.7
C&CA
(33%)
0.4
Europe
Energy
(43%)
0.7
Exposure by
Geography2
1.0
$16.6B
Latin
2.8
Asia
(95%)
America
(%IG)
(50%)
1.2
3.7
U.S.
(44%)
Mexico
(60%)
44
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