Canadian Personal & Commercial Banking - Financial Results
Allowance and Provision on Performing Loans
Q3'23
Allowance on Performing
Loans (APL) and PCL on
Performing Loans (PCL)
By Operating Group
Q2'23 Q3'23 Foreign Q3'23
APL¹ PCL² exchange APL¹
& Other
APL to
Performing
Loans (bps)³
The $159MM provision for credit losses on
performing loans in the current quarter
primarily reflected portfolio credit migration
($MM)
Allowance on Performing Loans Ratio
Personal & Business Banking
920
105
1,025
49
(bps)
51
53
Commercial Banking
411
(45)
(16)
350
32
43
44
45
Total Canadian P&C
1,331
60
(16)
1,375
43
Personal & Business Banking
417
15
(11)
421
84
Q3'22
Q4'22
Q1'23
Q2'23
Q3'23
Allowance on Performing Loans Ratio (bps)³
Commercial Banking
1,181
69
(30)
1,220
79
Total U.S. P&C
1,598
84
(41)
1,641
80
Impaired PCL Coverage Ratio
BMO Wealth Management
36
6
(1)
41
10
5.90
BMO Capital Markets
333
9
342
44
4.90
4.10
4.25
3.42
Corporate Services
14
14
n.m.
Total
3,312
159
(58)
3,413
53
Q3'22
Q4'22
n.m. stands for not meaningful
1 Q2'23 and Q3'23 includes APL on Other Assets of $22MM and $13MM, respectively and excludes APL on Securities of $6MM for both periods
2 Q3'23 PCL includes a PCL on Other Assets of $(10)MM and excludes PCL on Securities of $0.04MM
3 Allowance on performing loans over total gross performing loan and acceptances, expressed in basis points
4 Trailing 4-Quarter PCL on impaired loans includes Q2'23 and Q3'23 annualized BOTW PCL
BMOM
Q1'23 Q2'234 Q3'234
Allowance on performing loans over trailing 4-quarter
PCL on impaired loans
Risk Review August 29, 2023
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