Investor Presentation Second Quarter 2018
CANADIAN BANKING: RESIDENTIAL MORTGAGES
High quality and well managed portfolio.
Residential mortgage portfolio of $210 billion, of which 47% is insured, and an LTV of 54% on the uninsured book
。 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
○ New originations¹ average LTV of 63% in Q2/18, with Ontario at 63% and BC at 61%
Majority is freehold properties; condominiums represent approximately 12% 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: $210B (SPOT BALANCES AS AT Q2/18, $B)
$104.4
11.6
$184B (88%)
Freehold
O
92.8
$37.6
8.6
$30.9
3.6
$15.9
29.0
27.3
1.7
14.2
$11.6
11.4
0.2
$9.5
0.7
8.8
Ontario
B.C. & Territories
Alberta
Québec
Atlantic Provinces
Manitoba &
Saskatchewan
% of
portfolio
50%
18%
15%
8%
6%
5%
1 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.
$26B (12%)
Condominium
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