Investor Presentaiton
PROVISIONS FOR CREDIT LOSSES (PCL)
PCL
($MM)
Q1 Total PCL
POCI (1)
Performing
◉
Impaired (excl. POCI)
Total (bps)
$120M (21 bps), reflecting resilient portfolio mix
and prudent provisioning
160
20
16
20
21
21
$115
$120
$111
$52
$30
$38
$86
$85
$8
$6
$27
$58
$99
$85
$88
$52
$20
($12)
($9)
($25)
($MM)
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Personal
Commercial
13
26
24
26
34
35
42
31
8
28
Wealth Management
(1)
Financial Markets
(18)
9
(5)
17
(2)
USSF&I
9
14
25
28
31
PCL on impaired
20
52
85
88
99
Q1 PCL on Impaired Loans (excl. POCI)
■ Provision of $99M (17 bps)
■ Retail: continued normalization
■ Non-retail: primarily 3 files
■ USSF&I: Credigy - normal seasoning of
portfolios, ABA - higher stage 3 migration
Q1 PCL on Performing Loans
■ Provision of $30M (5 bps) driven by portfolio
growth and increased management overlay,
partially offset by more favorable macro and
model calibration
■ Retail: $10M
■ Non-retail: $17M
■ USSF&I: $3M
FY 2024 Outlook for Impaired PCL
(excl. POCI)
POCI
(1)
8
6
(12)
(25)
(9)
■ Return to pre-pandemic range of 15 - 25 bps
PCL on performing
58
27
38
52
30
Total PCL
86
85
111
115
120
(1) Purchased or Originated Credit Impaired.
(2) Represents Provisions for credit losses on impaired loans excluding POCI loans ratio, which is a supplementary financial measure. See slide 2.
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