Americas Wholesale and Retail Banking Overview
Credit Performance
TOTAL ACLs ($MM) AND ACL COVERAGE RATIO1
125 bps
125 bps
116 bps
109 bps
96 bps
7,820
7,810
7,403
181
220
182
6,893
1,957
-177 6,232
1,994
1,776
153
1,938
1,759
5,445
5,682
5,596
4,778
4,320
Q3/20
Q4/20
Q1/21
Q2/21
Q3/21
Performing Loan ACLs
Impaired Loan ACLS
Other²
136 bps
TOTAL PCLs ($MM)³,4 AND PCL RATIO
•
HIGHLIGHTS
$6.2 billion in total ACLs (22% above pre-pandemic
levels)
Performing loan ACLs decreased 10% from the
prior quarter
Total ACLS represents ~9 quarters of net write-offs
Total ACL coverage ratio of 96 bps (vs 82 bps
pre-pandemic)
•
73 bps
2,181
149
-2
49 bps
33 bps
•
24 bps
752
1,131 3
330 62
764
4
496
1,278
215
20
380
.69
145
736
525
396 (2) 339 (1)
(43)
(27)
Q3/20
Q4/20
Q1/21
Q2/21
Q3/21
Canadian Banking
Global Banking and Markets
Other4
HIGHLIGHTS
Total PCL ratio of 24 bps decreased 112 bps Y/Y
and 9 bps Q/Q
The Q/Q improvement was driven by lower
impaired PCLs in International and Canadian
Banking
International Banking
1 ACL coverage ratio defined as period end total ACLs (excluding debt securities and deposits with financial institutions) divided by gross loans and acceptances
2 Includes ACLs on off-balance sheet exposures and ACLs on acceptances and other financial assets
3 Includes provision for credit losses on other financial assets in International Banking (Q1/20: -$1 million, Q2/20: $1 million, Q4/20: -$1 million), in Global Banking and Markets of $1 million (Q3/20: $1 million,
Q4/20: $1 million), in Global Wealth Management (Q3/20: -$1 million) and in Other (Q1/20: $1 million, Q2/20: -$2 million, Q4/20: $2 million)
4 Other includes provisions for credit losses in Global Wealth Management of -$1 million (Q2/20: $2 million, Q3/20: $1 million, Q4/20: $3 million, Q1/21: $4 million, Q2/21: -$2 million)
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