Trading Results & Economic Outlook
Well Provisioned
TOTAL ACLs ($MM)
7,820
7,403
-182
181
6,079
-74 1,776
1,957
+53%
5,145
5,095
-68
1,643
1,595
74
1,533
•
5,445
5,682
•
4,362
3,482
3,488
Q4/19
Q1/20
Q2/20
Q3/20
Q4/20
Performing Loan ACLs
Impaired Loan ACLS
Other
TOTAL PCLs ($MM)1,2,3 AND PCL RATIO²
119 bps
136 bps
2,181
1,846
149
-2
73 bps
50 bps
51 bps
2
155
752
1,131
670
3
753
771
4
-18
330
62
247
250
1,278
1,019
736
502
503
Q4/19
Q1/20
Q2/20
Q3/20
Q4/20
International Banking
HIGHLIGHTS
$7.8 billion in total ACLs, up $2.7 billion or 53%
since Q1/20
Performing loan ACLs increased 63% since Q1/20,
or $2.2 billion
Total ACLS represents ~3 years worth of net
write-off-coverage
Estimated to cover 2021 pandemic-driven elevated
write-offs
·
HIGHLIGHTS
Total PCL ratio² of 73 bps increased 23 bps Y/Y;
decreased 63 bps Q/Q
The sequential improvement was driven by lower
PCL on performing loans due to improving
macroeconomic outlook and stabilizing credit
quality
Canadian Banking
Global Banking and Markets
Other³
1 Includes provision for credit losses on debt securities and deposit with banks of $nil in Canadian Banking, -$1 million in International Banking (Q4/19: -$3 million, Q1/20: -$1 million, Q2/20: $1 million), -$1
million in Global Banking and Markets (Q4/19: -$1 million, Q3/20: $1 million), $nil in Global Wealth Management (Q3/20: -$1 million) and $2 million in Other (Q4/19: $1 million, Q1/20: $1 million, Q2/20: -$2
million)
2 Refer to Non-GAAP Measures on slide 40 for adjusted results
3 Other includes provisions for credit losses in Global Wealth Management of $3 million (Q2/20: $2 million, Q3/20: $1 million)
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