Investor Presentaiton
Provisions and Allowances
TOTAL ACLS1 ($MM) AND ACL RATIO2
86 bps
80 bps
75 bps
72 bps
71 bps
72 bps
75 bps
78 bps
5,931
6,094
5,731
5,583
5,375
5,499
5,668
5,295
33
34
23
31
20
20
28
28
1,530
1,598
1,368
1,326
1,255
1,276
1,368
1,409
1,863
1,723
1,595
1,532
1,528
1,547
1,551
1,590
2,477
2,514
2,505
2,459
2,575
2,681
2,817
2,872
Q4/21
Q1/22
Q2/22
Q3/22
Q4/22
Q1/23
Q2/23
Q3/23
■International Retail
■Canadian Retail
■Business Banking
GWM/Other³
TOTAL PCLS ($MM) AND PCL RATIO 4
HIGHLIGHTS
Total ACL ratio up 3 bps Q/Q to 78 bps
О
Performing Allowances are $4.3 billion
(+$95MM Q/Q) reflective of ACL build for
continued unfavourable macroeconomic
and commercial real estate outlook, and
portfolio growth
Highly secured retail portfolio
(94% in Canada and 73% in International)
Quality of the business banking portfolio
remained stable with continued focus on
investment grade clients
22 bps
28 bps
33 bps
37 bps
42 bps
•
10 bps
13 bps
13 bps
819
709
638
2
2
529
1
53 307
412
11
15
168
6
218
218
1 222
219 1
163
93
314
274
276
325
355
404
436
516
(96)-
(51)
(35)
(12)
(6)
(16)
(46)
(15)
(1)
Q4/21
Q1/22
Q2/22
Q3/22
Q4/22
Q1/23
Q2/23
■Canadian Banking
■Global Banking and Markets
Q3/23
GWM/Other
HIGHLIGHTS
Total PCL ratio of 42 bps, up 5 bps Q/Q
о
Performing PCLs driven by continued
unfavourable macroeconomic
forecast
Impaired PCLs driven by higher
formations in Canadian and
International Retail
International Banking
1 Includes ACLs on off-balance sheet exposures and ACLs on acceptances and other financial assets
2 ACL ratio defined as period end total ACLs (excluding debt securities and deposits with financial institutions) divided by gross loans and acceptances
3 Includes Allowance for credit losses in Other of $6 million (Q2/23: $6 million)
4 Refer to page 53 of the Management's Discussion & Analysis in the Bank's Third Quarter 2023 Report to Shareholders, available on http://www.sedarplus.ca, for an explanation of the composition of the
measure. Such explanation is incorporated by reference hereto
5 Includes provisions for credit losses in Global Wealth Management of $2 million (Q2/23: $2 million)
40
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