Earnings & Dividend Growth Presentation
CANADIAN BANKING: RESIDENTIAL MORTGAGES
High quality and well managed portfolio.
Residential mortgage portfolio of $212 billion, of which 45% is insured, and an LTV of 53% on the uninsured book¹
。 Scotiabank has 3 distinct distribution channels; Broker (~55%), Branch (~25%), and Mobile Salesforce (~20%)
○ All adjudicated under the same standards
○ Mortgage business model is originate to hold
О
New originations² average LTV of 63% in Q3/18
。 Majority is freehold properties; condominiums represent approximately 13% of the portfolio
○ The mortgage portfolio is well managed and has good diversification across Canada with approximately half of the portfolio
anchored in Ontario
CANADIAN MORTGAGE PORTFOLIO: $212B (SPOT BALANCES AS AT Q3/18, $B)
$106.0
Freehold $185B
Condos $27B
45%
$11.9
Insured
$94.1
$38.3
$8.9
$30.9
Total
Portfolio:
$212 billion
-
$3.7
$15.9
$29.4
$27.2
$1.7
$11.5
$9.5
$0.2
$14.2
$11.3
$0.7
55%
$8.8
Uninsured
Ontario
BC & Territories
Alberta
Quebec
Atlantic
Provinces
Manitoba &
Saskatchewan
% of
50%
18%
15%
8%
5%
4%
portfolio
1 LTV calculated based on the total outstanding balance secured by the property. Property values indexed using Teranet HPI data.
2 New originations defined as newly originated uninsured residential mortgages and have equity lines of credit, which include mortgages for purchases,
refinances with a request for additional funds and transfer from other financial institutions.
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