Q3 2016 Trading Results and Provisions for Credit Losses
Risk Review
.
Overall credit fundamentals remain within expectations
.
Energy related PCLs have declined from peak levels in Q2/16
·
.
•
PCL ratio - Improved to 47 basis points after posting peak levels
of 59 basis points¹ last quarter
•
PCL ratio up 5 bps Y/Y
Gross impaired loans of $5.3 billion were up 5% Q/Q²
(1)
(2)
Net impaired loan ratio up 2 bps Q/Q
Net formations of $788 million was down from $982 million in
Q2/16, driven by International Commercial
Market risk remains well-controlled
.
Average 1-day all-bank VaR of $11.0 million, down from $13.9
million in Q2/16
Excludes collective allowance increase; including collective allowance increase, All Bank PCL ratio was 0.64
Excludes loans acquired under the Federal Deposit Insurance Corporation (FDIC) guarantee related to the acquisition of R-G
Premier Bank of Puerto Rico.
Scotiabank®
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