Financial Performance and Digital Progress Update
Gross Impaired Loans and Net Write-offs
GILS ($MM) AND GIL RATIO1
74 bps
64 bps
62 bps
65 bps
67 bps
70 bps
60 bps
58 bps
5,104
5,305
5,487
5,726
32
4,786
4,435
23
19
4,264
32
231
4,252
32
168
904
27
917
130
18
156
18
97
141
120
95
1,079
1,157
1,332
1,440
824
771
3,268
3,240
3,324
3,695
3,866
4,005
4,041
4,157
Q1/22 Q2/22 Q3/22 Q4/22 Q1/23
Q2/23 Q3/23 Q4/23
HIGHLIGHTS
GILs increased $239 million Q/Q but remain below pre-
pandemic levels driven by new formations in Retail
Banking and International Commercial
。 Canadian Banking: Higher Q/Q driven by new retail
formations mainly in mortgages and auto
。 International Banking: Higher Q/Q driven by new
retail formations mostly in Peru and new formations
in Commercial primarily in Chile real estate
NET WRITE-OFFS ($MM) AND NET WRITE-OFFS RATIO1
34 bps
35 bps
27 bps
29 bps 29 bps
25 bps
21 bps
24 bps
656
681
563
552
8
457
462
229
249
3 422
4
5
385
4
3
184
200
139
155
144
132
HIGHLIGHTS
Net write-offs increased 1 bp Q/Q driven by higher write-
offs mostly in Canada Auto and higher write offs in
Commercial
432
438
371
351
311
274
283
302
(33)
(5)
(6)
Q1/22
Q2/22
Q3/22 Q4/22 Q1/23
Q2/23 Q3/23 Q4/23
International Banking Canadian Banking
Global Banking and Markets
Global Wealth Management
1 Refer to page 136 of the Management's Discussion & Analysis in the Bank's 2023 Annual Report, available on http://www.sedarplus.ca, for an explanation of the composition of the measure. Such explanation is
incorporated by reference hereto
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