Financial Overview and Sector Exposure
ALLOWANCE FOR CREDIT LOSSES
ACL Q1 22
($MM)
$769
Impaired
$241
+ 76%
$1,354
- 7%
$1,169
Impaired
$357
$1,086
Impaired
$379
Impaired
$321
Performing
$1,051
Performing
$879
Performing
$847
Performing
$586
POCI ($58)
POCI ($54)
POCI ($89)
POCI ($82)
ACL Q1 20
ACL Q1 21
ACL Q4 21
ACL Q1 22
(1) Performing ACL includes allowances on drawn ($689M), undrawn ($130M) and other assets ($28M)
Total Allowances
■ Declined by 7% ($83M) QoQ
■ Remain ~41% above pre-pandemic level
Maintaining prudent level of allowances in light
of continued uncertainty
Performing Allowances
■ Decline of 4% ($32M) QoQ
■ At $847M, remains just 20% below peak level
Strong coverage of 6.0X LTM impaired PCLS
and 2.7X 2019 impaired PCLS
■ Cumulative release of 45% from the pandemic
build
Impaired Allowances
■ Decrease of $58M QoQ (53% coverage)
primarily due to non-retail write-offs
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