International Banking - Annual Overview
CANADIAN BANKING: RETAIL EXPOSURES
Retail loan portfolio ~93% secured: 81% real estate and 12% automotive
Residential mortgage portfolio is well-managed
。 49% insured, and the remaining 51% uninsured has a LTV of 51%
Credit card portfolio is approximately $7 billion,
reflecting ~2.5% of domestic retail loan book or 1.3% of
the Bank's total loan book
o Organic growth strategy that is focused on payments and deepening
customer relationships
。 ~80% of growth is from existing customers (penetration rate low-30s
versus peers in the low-40s)
。 Strong risk management culture with specialized credit card teams,
customer analytics and collections focus
Auto loan book is approximately $34 billion
。 Market leader and portfolio is structurally different than peers with 7 OEM
relationships (3 exclusive)
o Prime Auto and Leases (~90%), driven by growth in assets
o Lending terms have been declining with contractual terms averaging 72
months but effective terms are 48 months
• Alberta retail loan book is approximately $41 billion or
15% of the domestic retail loan book
。 No signs of material credit stress or drawdown on lines
Credit trends have moved up to/through national levels
。 Majority of exposure is residential mortgages
1 Includes Tangerine balances of $7 billion
4%
DOMESTIC
RETAIL LOAN
BOOK
$283B
Unsecured
3%
Credit Cards
81%
Real Estate
Secured Lending
-12%
Automotive
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