Financial Results
Canadian Personal & Commercial Banking - Balances
Average Gross Loans & Acceptances ($B)
304.2
316.2
321.0
Average Deposits ($B)
276.6
•
131.6
125.0
134.8
253.1
283.9
194.8
191.1
6.4
6.5
173.8
6.2
59.1
58.7
58.7
11.6
12.1
10.1
103.7
107.9
109.0
85.5
89.1
79.3
Q4'22
Q3'23
Q4'23
Commercial¹
Credit Cards
Consumer Loans²
Business Banking
Residential Mortgages
Average loans up 6% Y/Y and 2% Q/Q
Residential Mortgages (including amortizing HELOC) up 7% Y/Y
and 2% Q/Q
Cards up 20% Y/Y and 5% Q/Q
Business Banking up 4% Y/Y and 2% Q/Q
Commercial¹ up 5% Y/Y and 1% Q/Q
•
As at loans up 5% Y/Y and 1% Q/Q
•
Q4'22
■Commercial
Q3'23
Q4'23
Personal & Business Banking
Average deposits up 12% Y/Y and 3% Q/Q
•
Personal & Business Banking up 12% Y/Y and 2% Q/Q
Chequing and Savings down 11% Y/Y and 3% Q/Q
Term up 43% Y/Y and 6% Q/Q
Commercial up 12% Y/Y and 4% Q/Q
•
As at deposits up 11% Y/Y and 2% Q/Q
1 Commercial lending excludes commercial and small business cards. Commercial and small business cards balances represented 13% of total credit card portfolio in Q4'23, Q3'23 and Q4'22
2 Consumer loans includes Indirect Auto loans Q4'23 $6.8B, Q3'23 $7.4B, and Q4'22 $8.9B
BMOM
Financial Results December 1, 2023
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