Canadian Retail: Loans and Provisions Financial Overview
Canadian Banking: Loan Portfolio
High quality retail loan portfolio: ~94% secured
82%
Real Estate
Secured Lending
High Quality Residential Mortgage Portfolio
。 38% insured; remaining 62% uninsured has an LTV of 52%¹
。 Mortgage business model is "originate to hold"
。 New originations² in 2020 had average LTV of 64.6%
。 Majority is freehold properties; condominiums represent approximately 15% of
the portfolio
• Market Leader in Auto Loans
o $39.1 billion retail auto loan portfolio with 8 OEM relationships (4 exclusive)
o Prime Auto and Leases (~92%)
o Stable lending tenor with contractual terms for new originations averaging 78
months (6.5 years) with projected effective terms of 54 months (4.5 years)
• Prudent Growth in Credit Cards
o $6.4 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
$325B
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 October 31, 2020; Percentages may not add to 100% due to rounding.
2%
Credit Cards
12%
Automotive
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