Investor Presentaiton
Canadian Retail Loan Portfolio
HIGH QUALITY RESIDENTIAL MORTGAGE PORTFOLIO
• 26% insured; remaining 74% uninsured has an LTV of 51%1
.
Mortgage business model is "originate to hold"
• New originations² in Q3/23 had average uninsured LTV of 58%
Majority is freehold properties (84%); condominiums represent approximately 16%
of the portfolio
•
MARKET LEADER IN AUTO LOANS
$41.3 billion³ retail auto loan portfolio with 10 OEM relationships (6 exclusive)
Prime Auto Loans and Leases (~94%)
.
Stable lending tenor with contractual terms for new originations averaging 77
months (6.5 years) with projected effective terms of 53 months (4.5 years)
RETAIL LOAN BOOK 4,5
Spot Balance as of Q3/23
$381Bn
PRUDENT GROWTH IN CREDIT CARDS
$8 billion³ credit card portfolio represents ~2% of domestic retail loan book and
~1% of the Bank's total loan book
Organic growth strategy focused on payments and deepening relationships with
existing customers
4%
Unsecured
2%
Credit Cards
83%
Real Estate
Secured Lending
11%
Automotive
1 LTV calculated based on the total outstanding balance secured by the property. Property values indexed using Teranet HPI data; 2 New originations defined as newly-originated uninsured residential
mortgages and equity lines of credit, which include mortgages for purchases, refinances with a request for additional funds and transfers from other financial institutions; 3 Net of allowance for credit losses;
4 May not add due to rounding; 5 Includes Wealth Management
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