FY 2021 BALANCED APPROACH BETWEEN INVESTMENT AND COST MANAGEMENT
PROVISIONS FOR CREDIT LOSSES
PCL Q4 2021
($MM)
27
$110
19
19
1
-10
-9
$8
$20
$81
$100
$5
$2
52
$82
($43)
$65
$65
($41)
$34
$19
($41)
($62)
($58)
($36)
($2)
I POCI
Performing
Impaired
Total (bps)
Q4 Total PCL
■ PCL recovery of $41M (-9bps), reflecting
continued strong portfolio performance
Q4 PCL on Impaired Loans
■ $19M (4bps), new cyclical low
■ Recoveries in Commercial offset by provisions
in FM related to one account. Continued low
impaired PCLs in retail portfolios and USSF&I
Q4 PCL on Performing Loans
■ Release of $58M (-13bps) driven by updates
in portfolio quality and economic scenarios
■ Retail: $24M, reflects overall continued strong
performance
■ Non-retail: -$37M, reflecting primarily updates
in portfolio quality and economic scenarios
■ USSF&I: $3M, driven by portfolio growth in
both Credigy and ABA
FY 2021 Full Year PCL
Impaired: 11 bps
Performing: -9 bps
FY 2022
Target range for impaired PCLs: 15 to 25 bps
($MM)
Q4 20
Q1 21
Q2 21
Q3 21
Q4 21
Personal
Commercial
Wealth Management
Financial Market
325
30
18
17
15
15
38
39
8
26
(2)
2
33
USSF&I
7
4
5
PCL on impaired
82
65
65
POCI (1)
8
10
2
ºེ་སྐུསཙྪ་ྒུ
(3)
(12)
-
1
20
13
2
2
34
19
(36)
(2)
☐
PCL on performing
20
6
(62)
(41)
(58)
Total PCL
110
81
5
(43)
(41)
(1) Purchased or Originated Credit Impaired.
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