Fiscal 2023 Financial Performance
Provisions
Q/Q HIGHLIGHTS
Total PCLs (65bps, up 23 bps Q/Q):
o Increased $437 million Q/Q driven by performing
ACL build mainly in Canadian Banking
Canadian Banking PCLs (63 bps, up 36 bps Q/Q):
o Higher Q/Q driven by performing provision build
due to unfavourable macroeconomic outlook and
continued uncertainty from higher interest rates
on portfolios
International Banking PCLs (119 bps, up 1 bp Q/Q):
o Higher Impaired PCLS Q/Q which were driven by
higher retail formations, primarily in Mexico and
Peru, and higher commercial provisions
Performing PCLs were lower Q/Q with Q4/23
driven primarily by the continued unfavourable
macroeconomic outlook primarily impacting the
commercial portfolio and retail portfolio growth.
This was partly offset by retail credit migration to
impaired.
Global Banking and Markets PCLs (11 bps, up 13 bps
Q/Q):
o Higher Q/Q driven by performing provision build
PCLs ($MM)
Q4/22 Q1/23 Q2/23 Q3/23 Q4/23
All-Bank
Impaired
Performing
494
562
621
738
802
35
76
88
81
454
Total
529
638
709
819
1,256
Canadian Banking
Impaired
153
187
223
258
286
Performing
10
31
(5)
49
414
Total
163
218
218
307
700
International Banking
Impaired
320
375
396
489
505
Performing
35
29
40
27
7
Total
355
404
436
516
512
Global Wealth Management
Impaired
(1)
(2)
3
1
2
Performing
2
3
(1)
1
3
Total
1
1
2
2
5
Global Banking and Markets
Impaired
22
Performing
(11)
13
Total
11
15
235
(1)
(10)
9
54
4
30
53
(6)
39
Other
Total
(1)
15
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