First Quarter 2022 Financial Results
Credit Quality -
Canadian Consumer
Reported Net Write-Offs
Canadian Residential Mortgages
Canadian Credit Cards
Personal Lending
Total
Q1/21
Q4/21
Q1/22
Net Write-off Ratio¹
0.01%
0.01%
0.01%
0.15%
1.49%
1.83%
1.88%
0.56%
0.39%
0.42%
0.15%
0.13%
0.13%
101
0.13%
0.13%
95
97
90+ Days Delinquency Rates¹
Q1/21
Q4/21
Q1/22
Canadian Residential Mortgages
Q1/21
Q4/21
Q1/22
0.27%
0.17%
0.17%
Uninsured
0.24%
0.14%
0.13%
Net Write-offs ($MM)
Net Write-off Ratio
Insured
0.37%
0.29%
0.31%
Canadian Credit Cards
1.57%
0.58%
0.68%
Personal Lending
0.35%
0.26%
0.27%
Balances ($B; principal)
291
265
Total
0.34%
0.20%
0.20%
11
11
37
297
11
37
36
90+ delinquency rates down YoY & flat QoQ
60
60
58
65
•
Delinquencies have started to increase from an exceptionally low level experienced in
F2021, which benefited from government support, our relief programs, and prudent client
behaviour
CIBC◇
1 See notes 9 and 10 on slide 38.
183
191
153
Q1/21
Q4/21
Q1/22
■ Uninsured Mortgages Insured Mortgages Personal Lending Cards
First Quarter, 2022
25View entire presentation