Investor Presentaiton
Prudent Allowances
TOTAL ACLs1 ($MM) AND ACL RATIO²
109 bps
96 bps
86 bps
80 bps
75 bps
72 bps
71 bps
72 bps
6,893
23 6,232
22 5,731
1,691
5,583
23
20
5,375
5,295
5,499
1,529
20
28
28
1,368
1,326
1,255
1,276
1,368
5,668
1,409
31
2,056
2,009
1,863
1,723
1,595
1,532
1,528
1,547
3,123
2,672
2,477
2,514
2,505
2,459
2,575
2,681
Q2/21
Q3/21
International Retail
Q4/21
Q1/22
Q2/22
Q3/22
Q4/22
Q1/23
3
Canadian Retail
Business Banking
GWM/Other
TOTAL PCLs ($MM) AND PCL RATIO4
33 bps
28 bps
22 bps
33 bps
24 bps
10 bps
13 bps
13 bps
638
1
529
11
15
496
145
380
412 9
218
69
163
396
339
168 1
314
222
219 1
93
274
(35)
276
325
355
404
(43)
(27)
`(2)
(1)
(
(16)
(15)
(1)
Q2/21
Q3/21
Q4/21
Q1/22
Q2/22
Q3/22
Q4/22
Q1/23
■Canadian Banking
■Global Banking and Markets
■GWM/Other
о
HIGHLIGHTS
Allowances increased to $5.7 billion
Prudent performing allowance of
$4.0 billion to account for growth
and uncertainty in economic
outlook
Total ACL ratio up 1 bp Q/Q to 72 bps
Secured Retail portfolio
(Canada - 95%; International -
73%)
Quality of the business banking
portfolio remained strong and
continued to focus on investment
grade clients
Total PCL ratio of 33 bps, up 5 bps Q/Q
Higher performing PCLs driven by
less favourable macroeconomic
forecast and strong portfolio
growth
Impaired PCLs driven by higher
formations in Canadian and
International Retail
■International Banking
1 Includes ACLs on off-balance sheet exposures and ACLs on acceptances and other financial assets
2 ACL ratio defined as period end total ACLs (excluding debt securities and deposits with financial institutions) divided by gross loans and acceptances
3 Includes Allowance for credit losses in Other of $6 million (Q4/22: $4 million)
4 Refer to page 50 of the Management's Discussion & Analysis in the Bank's First Quarter 2023 Report to Shareholders, available on http://www.sedar.com, for an explanation of the composition of the measure. Such
explanation is incorporated by reference hereto
5 Includes provisions for credit losses in Global Wealth Management of $1 million (Q2/21: -$2 million, Q3/21: -$1 million, Q4/21: $1 million, Q1/22: -$1 million, Q2/22: $1 million, Q3/22: $5 million, Q4/22: $1 million)
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