Canadian Personal Banking Digital Transformation
Increased allowance to reflect the current economic backdrop
Allowance coverages were up YoY and QoQ
Reported
Q3/19
Q2/20
Q3/20
Canadian Credit Cards
3.6%
6.3%
6.2%
Reflective of updates to forward looking indicators, and increased provisions
related to COVID-19
Canadian Residential Mortgages
0.1%
0.1%
0.1%
Canadian Personal Lending
1.2%
1.8%
2.0%
Canadian Small Business
2.2%
2.7%
3.4%
Canadian Commercial Banking
0.3%
0.8%
0.9%
U.S. Commercial Banking
0.5%
0.9%
1.2%
Capital Markets
0.3%
0.8%
1.1%
CIBC FirstCaribbean (FCIB)
3.6%
4.6%
4.8%
Total
0.5%
0.8%
0.9%
Total Allowance Coverage Ratio¹
0.5%
1,890
0.8%
0.9%
Performing and Impaired Allowance Coverage Ratios
36%
35%
31%
0.65%
0.59%
3,311
3,609
0.33%
Q3/19
Q2/20
Allowance for Credit Losses ($MM)
Q3/20
Allowance Coverage Ratio
CIBC
1 Allowance for credit loss to gross carrying amount of loans. The gross carrying amount of loans include certain loans that are measured at FVTPL.
Q3/19
Q2/20
Impaired ACL to GIL
Q3/20
-Performing ACL to Total Loans
17View entire presentation