Canadian Bail-in Regime Update
U.S. Commercial Real Estate - Office Portfolio
Majority of challenges behind us
•
Progress made as we work through maturity profile
•
•
Gross impaired loan ratio has only moderately increased this quarter; we would expect this to decline going forward
13.7% allowance for credit loss coverage of loans in Q1/24, with an annualized net charge-off ratio of 5.6%
Loan Balances (US$B)
6.0
5.0
12.5% Decrease
4.0
3.0
2.0
4.0
4.0
3.8
3.7
3.5
1.0
0.0
Q1/23
Q2/23
Q3/23
Q4/23
Q1/24
Watchlist¹ Loan Ratio
16.0%
17.3%
14.2%
11.5%
4.9%
Gross Impaired Loan Ratio
1.8%
8.0%
13.4%
18.1%
19.7%
Gross Impaired Balances (US$MM)
71
322
518
664
684
Annualized Net Charge-off Ratio
0.0%
0.0%
3.7%
11.0%
5.6%
•
Endnotes are included on slides 49 to 54.
26View entire presentation