Investor Presentaiton
Allowance and Provision on Performing Loans
Allowance on Performing
Loans (APL) and PCL on
Performing Loans (PCL)
By Operating Group
($MM) 2
APL to
Q2 21
APL¹
Q3 21
PCL
Q3 21
Foreign
Exchange
Q3 21
APL¹
Performing
Loans
(bps)
Consumer - Canadian P&C
900
(26)
874
50
The APL decreased $126MM to $2,703MM,
driven by a reduction in PCL on performing loans
The $141MM recovery of credit losses on
performing loans reflected an improving
economic outlook and positive credit migration,
partially offset by the impact of the uncertain
economic environment on future credit
conditions and balance growth
Allowance for Performing Loans
Commercial - Canadian P&C
520
19
3
542
58
Total Canadian P&C
1,420
(7)
3
1,416
53
(bps)
Consumer - U.S. P&C
126
(17)
2
111
63
63
65
67
65
62
57
49
Commercial - U.S. P&C
794
(36)
9
767
80
60
Total U.S. P&C
920
(53)
11
878
77
Q2'20
Q3'20 Q4'20 Q1'21 Q2'21
Q3'21
BMO Wealth Management
38
(2)
36
12
Coverage Ratios
BMO Capital Markets
448
(75)
1
374
64
3.47
2.45
1.99
2.13
2.04
2.12
Corporate Services
3
(4)
(1)
n.m.
Total
2,829
(141)
15
2,703
57
Q2'20
Q3'20 Q4'20 Q1'21 Q2'21 Q3'21
1 Q2'21 and Q3'21 includes APL on Other Assets of $20MM and $17MM respectively and excludes APL on Securities of $4MM for both periods
2 Q3'21 PCL includes PCL on Other Assets of $4MM and excludes PCL on Securities of $0.1MM
-O-APL as a % of Trailing 4-Quarter PCL on Impaired Loans
-
BMO Financial Group
Investor Presentation • October 2021
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