Canadian Banking and Residential Mortgages Overview
Credit Performance
TOTAL ACLs¹ ($MM) AND ACL RATIO²
125 bps
125 bps
109 bps
96 bps
116 bps
86 bps
80 bps
93 bps
HIGHLIGHTS
Strong balance sheet with total ACLs of $5.6 billion
Performing loan ACLs decreased 3% from
the prior quarter as portfolio performance
continues to improve
Total ACL ratio of 80 bps
7,820
7,810
7,403
-377
19
- 409
21
-395
24 6,893
6,079
325
23
6,232
-268
19
-288 5,731
22
5,583
4,456
4,742
4,736
234
23
217
20
О
3,965
3,446
3,736
3,219
3,271
2,551
2,648
2,655
2,056
2,580
2,476
2,255
2,075
Q2/20
Q3/20 Q4/20 Q1/21 Q2/21 Q3/21 Q4/21
Q1/22
■Canadian Banking International Banking Global Wealth Management Global Banking and Markets
TOTAL PCLs ($MM)³ AND PCL RATIO4
136 bps
119 bps
2,181
149
1
1,846
155
2
73 bps
49 bps
33 bps
•
24 bps
10 bps
13 bps
•
1,278
1,131
1,019
-3
62
736
670
752
330
764 4
525
215
20 496
380
168
222
396
339
69
314
274 (35)
145
\(43)
(2)
(27)
(1)
(96)
(50)
\(16)
(1)
Q2/20
Q3/20
Q4/20
Q1/21
Q2/21 Q3/21 Q4/21 Q1/22
■Canadian Banking ■International Banking
■Global Banking and Markets
3
■GWM/Other
HIGHLIGHTS
Total PCL ratio of 13 bps, up 3 bps Q/Q
The Q/Q increase in PCLs driven mainly by:
Lower performing PCL releases compared to
Q4/21, partially offset by lower impaired PCLs
as delinquency trends improved across
portfolios
1 Includes ACLs on off-balance sheet exposures and ACLs on acceptances and other financial assets
2 ACL ratio defined as period end total ACLs (excluding debt securities and deposits with financial institutions) divided by gross loans and acceptances
3 Other includes provisions for credit losses in Global Wealth Management of -$1 million (Q2/20: $2 million, Q3/20: $1 million, Q4/20: $3 million, Q1/21: $4 million, Q2/21: -$2 million, Q3/21: -1$ million, Q4/21: $1 million)
4 Refer to page 48 of the Management's Discussion & Analysis in the Bank's First Quarter 2022 Report to Shareholders, available on http://www.sedar.com, for an explanation of the composition of the measure. Such
explanation is incorporated by reference hereto
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