Canadian Personal & Commercial Banking - Financial Results
Balance Sheet
Diversified loan and deposit portfolio, stable balances Q/Q offset by weaker U.S. dollar
•
•
Average gross loans and acceptances up 22% Y/Y, or 21%
excluding the impact of the stronger U.S. dollar due to:
Business & government loans up 20% Y/Y reflecting the
inclusion of Bank of the West and good growth in Canadian
P&C and BMO Capital Markets, partially offset by lower
underlying U.S. P&C
Consumer loans up 21% Y/Y reflecting the inclusion of Bank
of the West and growth in Canadian P&C driven by mortgage
growth
Average Gross Loans and Acceptances ($B)
646.1
644.0
526.2
279.7
283.9
233.6
366.4
360.1
292.6
Average gross loans and acceptances down slightly Q/Q and up
slightly excluding the impact of the U.S. dollar, with growth in
Canadian P&C mortgage and credit card products offset by lower
commercial loans in U.S. P&C
Q3'22
Q2'23
Q3'23
Business & Government
Consumer
•
•
As-at gross loans and acceptances down 1% Q/Q or flat
excluding the impact of the weaker U.S. dollar
Average customer deposits up 22% Y/Y or 20% excluding the
impact of the stronger U.S. dollar, reflecting the inclusion of
Bank of the West and higher balances in Canadian P&C and BMO
Capital Markets, partially offset by lower balances in U.S. P&C
and BMO Wealth Management
Average Customer Deposits ($B)
635.7
629.4
80.0
79.7
516.7
66.1
63.0
71.5
55.5
201.4
198.4
•
Average customer deposits down 1% Q/Q driven by higher
balances in Canadian P&C, offset by lower balances in U.S. P&C
and BMO Wealth Management
159.6
288.2
288.3
230.1
.
As-at customer deposits unchanged Q/Q or up 1% excluding the
impact of the weaker U.S. dollar
BMOM
Q3'22
Q2'23
Q3'23
P&BB
Commercial
BMO Wealth Management
BMO Capital Markets
Financial Results ⚫ August 29, 2023
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