International Banking - Annual Overview
CANADIAN HOUSEHOLD CREDIT GROWTH IS STEADY
• Total household credit growing 5.5% y/y in nominal terms, vs 2008 peak of 12% y/y
• Consumer loans excluding mortgages (cards, HELOCs, unsecured lines, auto loans, etc.)
are growing 4.7% y/y, vs 11% in late 2007
• Mortgage credit growing 5.8% y/y, vs 2008 peak of 13%
HOUSEHOLD CREDIT GROWTH
18
%, 3-month moving average
16
14
y/y %
change
12
10
m/m%
change,
10
SA
5
8
CO
6
4
CONSUMER LOAN GROWTH
RESIDENTIAL MORTGAGE GROWTH
20
%, 3-month moving average
20
%, 3-month moving average
18
15
y/y %
change
16
y/y %
14
change
12
10
m/m%
8
0
CO
6
change,
SA
-5
m/m%
change, SA
2
0
-10
90 92 94 96 98 00 02 04 06 08 10 12 14 16
Source: Scotiabank Economics, Bank of Canada.
90 92 94 96 98 00 02 04 06 08 10 12 14 16
Sources: Scotiabank Economics, Bank of Canada.
4
2
0
90 92 94 96 98 00 02 04 06 08 10 12 14 16
Sources: Scotiabank Economics, Bank of Canada.
Scotiabank® | 47View entire presentation