Q3 2016 Trading Results and Provisions for Credit Losses
Energy Exposures1
Sector
Amount
Outstanding
%
Outstanding
PCLs (in $M)
Cumulative
Q1/15 - Q3/16
PCL ratio²
(in $B)
Midstream
$4.1
25%
($2)
0%
Downstream
$2.1
13%
$2
0.1%
E&P
$8.3
52%
$261
2.8%
Services
$1.6
10%
$53
2.8%
Total Drawn
$16.1
100%
$314
1.9%
•
•
Drawn corporate energy exposure declined $0.2B to $16.1B
•
Approximately 52% investment grade
Undrawn commitments of $11.9B, up $0.5B
•
Approximately 69% investment grade
Focus on select non-investment grade E&P and Services accounts
Approximately two-thirds of focus accounts have issued debt ranking
below the Bank's senior position
Exposures relate to loans and acceptances outstanding as of July 31, 2016 and to undrawn commitments attributed/related to those
(1)
drawn loans and acceptances.
(2)
Cumulative PCL ratio by sector is calculated as total PCLs over the period Q1/15 - Q3/16 divided by the average quarterly exposure over
the period Q1/15 - Q3/16.
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