Canadian Banking and Residential Mortgages Overview
Credit Quality
GILS ($MM) AND GIL RATIO¹
78 bps
81 bps
81 bps 84 bps
81 bps
73 bps
67 bps
64 bps
5,120 31 5,148 26 5,053 26 5,279 39 5,116 33
-224
285
-209|
-302
-286
4,735 28
-235
1,067
1,222
1,209
1,049
1,040
921
941
4,456 26 4,435 32
- 219 -231
904
HIGHLIGHTS
GIL ratio improved 3 bps Q/Q and remains below pre-
pandemic levels due to:
О Lower impairments across portfolios
Retail write-offs in International Banking
Positive FX impact
3,582
3,704
3,676
3,949
о
3,757
3,551
3,270
3,268
Q2/20 Q3/20 Q4/20
Q1/21 Q2/21
Q3/21 Q4/21 Q1/22
NET WRITE-OFFS ($MM) AND NET WRITE-OFFS RATIO¹
HIGHLIGHTS
Net write-offs declined 32% Y/Y and 18% Q/Q
76 bps
62 bps
47 bps
47 bps
41 bps 43 bps
1,141
34 bps
•
27 bps
Significant reduction in International Banking
13
219
983 1
8
173
•
Net write-offs ratio declined 7 bps Q/Q and remains
below pre-pandemic levels
732
750
-13
33
674
632
-25
-26
265
266
201
227
560 1
1
123
457
910
4
801
139
454
450
379
448
435
311
(1)
Q2/20 Q3/20
Q4/20
Q1/21
Q2/21
Q3/21
Q4/21
Q1/22
International Banking
Canadian Banking
Global Banking and Markets
Global Wealth Management
1 Refer to page 48 of the Management's Discussion & Analysis in the Bank's First Quarter 2022 Report to Shareholders, available on http://www.sedar.com, for an explanation of the composition of the
measure. Such explanation is incorporated by reference hereto
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