Fourth Quarter 2022 Financial Highlights
Canadian Consumer Lending
Write-offs and delinquencies are in line with expectations
Write-offs:
Credit Card net write-off ratio YoY increase was mainly driven by
return to normal levels, partially offset by the favourable
performance of the acquired co-brand portfolio
QoQ increase was due to returning towards pre-pandemic levels
and seasoning of the co-brand portfolio
Personal Lending YoY increase was mainly driven by a returning
to normal upward trend
90+ Days Delinquencies:
Credit Card and Personal Lending YoY increases were mainly
driven by return towards pre-pandemic levels
Reported Net Write-Offs
Total
Q4/21
Q3/22
Q4/22
Canadian Residential Mortgages
Canadian Credit Cards
Personal Lending
0.01%
0.01%
<0.01%
1.83%
2.02%
2.20%
0.39%
0.52%
0.51%
0.13%
0.17%
0.18%
Q4/21
Q3/22
Q4/22
0.17%
0.14%
0.13%
0.14%
0.11%
0.11%
0.29%
0.26%
0.24%
0.58%
0.66%
0.74%
0.26%
0.34%
0.37%
0.20%
0.19%
0.20%
90+ Days Delinquency Rates¹
Canadian Residential Mortgages
Uninsured
Insured
Canadian Credit Cards
Personal Lending
Total
Net Write-off Ratio¹
Balances ($B; principal)
315
319
291
16
17
11
39
40
37
54
53
60
0.17%
0.18%
0.13%
95
137
206
183
142
Q4/21
Q3/22
1
Q4/22
Net Write-offs ($MM)
Net Write-off Ratio
Q4/21
Q3/22
209
Q4/22
■Uninsured Mortgages Insured Mortgages Personal Lending Cards
1
2
Capital Markets excludes allowance for credit losses related to Simplii Financial which is included in the respective Canadian retail products.
See notes 14-16 on slide 47.
CIBC◇
Fourth Quarter, 2022
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