Financial Markets Summary Q4 2022
GROSS IMPAIRED LOANS AND FORMATIONS (excluding POCI)
Gross Impaired Loans (GIL) Excluding POCI Loans (1)
($MM)
39
36
32
31
30
$812
$662
$608
$611
$615
$373
$406
$339
$314
$273
$197
$176
$179
$192
$188
$242
$64
$81
$118
$166
Q4 21
Q1 22
Q2 22
Q3 22
Q4 22
Retail
Non-Retail
GIL ratio (bps)
USSF&I
Net Formations (2) Excl. POCI Loans by Business Segment
■ Gross impaired loans (excl. POCI) of 39bps
($812M), increase of 9bps QoQ and 3bps YoY
■ Net formations of $264M, increase of $230M
QoQ
■ While starting to normalize, Retail formations
remain below pre-pandemic level
■ Financial Markets had 2 new formations (health
care, mining sectors)
■ Increase in ABA driven by exchange rate
fluctuations (stable QoQ excluding FX); these
loans remain well collateralized and prudently
provisioned
($MM)
Q4 21
Q1 22
Q2 22
Q3 22
Q4 22
Personal
14
20
12
26
44
Commercial
(2)
10
(10)
(13)
13
Financial Markets
(31)
(10)
(1)
(27)
119
Wealth Management
10
2
(6)
4
Credigy
2
ABA Bank
8
Total GIL Net Formations
1
40
554
5
(3)
10
15
37
57
74
45
34
264
(1) Represents a supplementary financial measures - see slide 2
(2) Formations include new accounts, disbursements, principal repayments, and exchange rate fluctuation; net of write-offs.
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