Financial Results
Gross Impaired Loans and Formations
Formations
Gross Impaired Loans
Gross impaired loans (GIL) ratio³ 59 bps, up 15 bps Q/Q
mainly due to higher B&G GIL
By Industry
($MM, as at Q4 23)
CA &
CA &
U.S.
Total
U.S.
Total
Other
Other¹
GIL ratio is in line with pre-pandemic levels
Formations ($MM)
1,766
Total Consumer
240
140
380
540
433
973
843
917
1,386
Service Industries
124
308
432
363
505
868
499
521
525
633
299
275
Retail Trade
18
129
147
181
298
479
200
246
318
284
380
Commercial Real Estate
121
172
293
198
240
438
Q4'22
Q1'23
Q2'23
Q3'23
Q4'23
■Consumer
Business and Government
Manufacturing
66
208
274
136
286
422
Wholesale Trade
15
71
86
61
182
243
Gross Impaired Loans ($MM)
59
Transportation
2
76
78
17
153
170
44
41
Agriculture
9
15
24
53
82
135
35
36
3,960
2,844
2,658
Construction (non-real estate)
6
33
39
63
60
123
1,991
2,027
2,987
1,828
2,006
Financial
4
8
12
10
42
52
1,384
1,382
607
645
830
838
973
Oil and Gas
.
22
22
Other Business and Government²
Q4'22
Q1'23
Q2'23
1
1
2
7
28
35
Business and Government
Q3'23
Consumer
Q4'23
GIL Ratio³
Total Business and Government 366
1,020 1,386 1,089 1,898 2,987
GIL Ratio³ (bps)
Total Bank
606
1,160 1,766 1,629 2,331 3,960
78
64
59
58
59
48
46
35
Totals may not add due to rounding
1 Total Business and Government includes no GIL from other countries
2 Other Business and Government includes industry segments that are each <1% of total GIL
3 Gross impaired loans over total gross loan and acceptances, expressed in basis points
BMOM
2016 2017
2018
2019 2020 2021 2022
2023
Risk Review ⚫ December 1, 2023
26View entire presentation