FY 2021 BALANCED APPROACH BETWEEN INVESTMENT AND COST MANAGEMENT
GROSS IMPAIRED LOANS AND FORMATIONS
Gross Impaired Loans (1) (GIL)
($MM) 49
45
42
39
36
$817
$757
$731
$699
$662
$467
$463
$470
$450
$406
$295
$242
$208
$193
$192
$55
$52
$53
$56
$64
Q4 20
Q1 21
Q2 21
Q3 21
Q4 21
USSF&I
Retail
Non-Retail
GIL ratio (bps)
Net Formations (2) by Business Segment
($MM)
Q4 21
Q3 21
Q2 21
Q1 21
Q4 20
Personal
14
10
(8)
(20)
35
Commercial
(22)
(22)
(46)
27
67
Financial Markets
(11)
12
63
(4)
(10)
Wealth Management
10
6
(1)
(4)
Credigy
2
4
6
6
13
ABA Bank
8
3
1
(1)
2
Total GIL Net Formations
1
7
22
7
103
■ Gross impaired loans of 36bps ($662M), a
decline of 3bps QoQ and 13bps YoY
Continued low net formations
(1) Under IFRS 9, impaired loans are all loans classified in stage 3 of the expected credit loss model. Those loans do not take
into account purchased or originated credit-impaired loans.
(2) Formations include new accounts, disbursements, principal repayments, and exchange rate fluctuation; net of write-offs.
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