Global Wealth Management and Banking Overview
Loan Portfolio
82%
Real Estate
Secured Lending
High Quality Residential Mortgage Portfolio
。 36% insured; remaining 64% uninsured has an LTV of 52%1
。 Mortgage business model is “originate to hold"
。 New originations² in Q1/21 had average LTV of 64.4%
。 Majority is freehold properties; condominiums represent
approximately 15% of the portfolio
• Market Leader in Auto Loans
o $38.7 billion retail auto loan portfolio with 8 OEM relationships (4
exclusive)
o Prime Auto and Leases (~92%)
。 Stable lending tenor with contractual terms for new originations
averaging 78 months (6.5 years) with projected effective terms of 53
months (4.5 years)
• Prudent Growth in Credit Cards
o $6 billion credit card portfolio represents ~2% of domestic retail loan
book and ~1% of the Bank's total loan book
o Organic growth strategy focused on payments and deepening
relationships with existing customers
4%
Unsecured
DOMESTIC RETAIL
LOAN BOOK³
$328B
2%
Credit Cards
1 LTV calculated based on the total outstanding balance secured by the property. Property values indexed using Teranet HPI data
2 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
3 Spot Balance as of January 31, 2021; Percentages may not add to 100% due to rounding
12%
Automotive
21
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