Canadian Personal & Commercial Banking - Financial Results
Canadian and U.S. deposit trends
Canadian P&C and BMO Wealth Management deposits
CDE$B, average balances
321
309
314
290
266
5%
6%
3%
238
2%
21%
20%
20%
24%
4%
24%
Commercial
20%
25%
32%
35%
36%
26%
P&BB /
34%
BMO Wealth
Management
48%
49%
42%
39%
37%
43%
F'20
F'21
F'22
Q1'23
Q2'23
Q3'23
Demand Deposits
Term Deposits
U.S. P&C and BMO Wealth Management deposits
US$B, average balances
178
171
17%
17%
118
120
117
105
33%
11%
10%
33%
14%
11%
Commercial
36%
43%
43%
40%
25%
26%
P&BB /
34%
26%
24%
24%
BMO Wealth
25%
25%
Management
19%
21%
23%
23%
F'20
F'21
F'22
Q1'23
Q2'23
Q3'23
Chequing & Savings
Money Market & CDs
BMOM
6%
Continued strong balance growth through strong customer
acquisition, a comprehensive onboarding program, and new products
and tools
Continued customer balance shift to term deposits given the
significant increase in interest rates
Deposits are well-diversified, further enhanced by Bank of the West
starting Q2'23
Recent decline primarily reflect industry trends and expected decline
in surge deposits, while remaining well above pre-pandemic levels
Continued to grow new customers and deposits through competitive
tools, products and channels, including national digital retail banking
and treasury and payments solutions platforms
Financial Results ⚫ August 29, 2023 12View entire presentation