Investor Presentaiton
Energy Exposures¹
.
.
•
Committed to our guidance of a cumulative PCL ratio of
less than 3%² since 2015
-
Cumulative PCL ratio of 2.1% as of Q3/172
Risk of loss has declined in this sector
Drawn corporate energy exposure of $14.9 billion increased
8.9% Q/Q³
• Approximately 53% investment grade
Undrawn commitments of $11.7 billion increased 0.4% Q/Q³
Approximately 71% investment grade
Focus on select non-investment grade E&P and Services
accounts
-
Approximately two-thirds of focus accounts have issued debt
ranking below the Bank's senior position
(2)
(1) Exposures relate to loans and acceptances outstanding as of July 31, 2017 and to undrawn commitments attributed/related to those drawn loans and acceptances.
Cumulative PCL ratio by sector is calculated as total PCLs over the period Q1/15 - Q3/17 divided by the average quarterly exposure over the period Q1/15 - Q3/17.
Quarter-over-quarter impact is calculated on a constant currency basis. Inclusive of FX changes drawn exposures increased 2.0% and undrawn commitments decreased 5.6%.
(3)
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