Financial Health and Performance Overview
Canadian Loan Portfolio
HIGH QUALITY RESIDENTIAL MORTGAGE PORTFOLIO
• 27% insured; remaining 73% uninsured has an LTV of 53%¹
•
Mortgage business model is "originate to hold"
• New originations² in Q2/23 had average uninsured LTV of 61%
• Majority is freehold properties; condominiums represent approximately 16% of the
portfolio
DOMESTIC RETAIL LOAN BOOK 4
Spot Balance as of Q2/23
83%
Real Estate
Secured Lending
MARKET LEADER IN AUTO LOANS
• $40.9 billion³ retail auto loan portfolio with 10 OEM relationships (6 exclusive)
.
Prime Auto and Leases (~93%)
Stable lending tenor with contractual terms for new originations averaging 78
months (6.5 years) with projected effective terms of 54 months (4.5 years)
PRUDENT GROWTH IN CREDIT CARDS
$8 billion³ credit card portfolio represents ~2% of domestic retail loan book and
~1% of the Bank's total loan book
Organic growth strategy focused on payments and deepening relationships with
existing customers
4%
Unsecured
$386Bn
2%
Credit Cards
11%
Automotive
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 equity lines of credit, which include mortgages for purchases, refinances with a request for additional funds and transfer from other financial institutions; 3 Net of allowance for credit losses;
4 May not add due to rounding
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