International Banking - Annual Overview
CANADIAN BANKING:
RESIDENTIAL MORTGAGE PORTFOLIO
High quality and well managed portfolio
Residential mortgage portfolio of $206 billion, of which 49% is insured, and an LTV of 51% on the uninsured book
Scotiabank has 3 distinct distribution channels; Broker (>50%), Mobile Salesforce (~30%), and Branch (~20%)
Mortgage business model is originate to hold
New originations1 average LTV of 64% in Q4/17, with Ontario and BC at 63%
Majority is freehold properties; condominiums represent approximately 13% of the portfolio
。 The mortgage portfolio is well managed and has good diversification across Canada with approximately half of the portfolio
anchored in Ontario
CANADIAN MORTGAGE PORTFOLIO³: $206B (SPOT BALANCES AS AT Q4/17, $B)
$101.5
11.4
$180B (87%)
Freehold
O
$26B (13%)
Condominium
90.1
$36.1
8
$31.1
3.8
$16.0
28.1
27.3
1.8
14.2
$11.7
11.5
0.2
$9.4
8.7
-0.7
Ontario
B.C. & Territories
Alberta
Québec
Atlantic Provinces
Manitoba &
Saskatchewan
% of
49%
18%
15%
8%
6%
5%
portfolio
1 New originations defined as newly originated uninsured residential mortgages and have equity lines of credit, which include mortgages for purchases,
refinances with a request for additional funds and transfer from other financial institutions.
Scotiabank® | 21View entire presentation