Canadian Housing Market: Engineering a Soft Landing
0.00%
2001
0.50%
2002
2003
1.00%
2004
2005
1 Provision for credit losses on certain assets - loans, acceptances and off-balance sheet exposures
1.50%
PCL Ratio on Impaired Loans
2006
2005
PCL Ratio on Impaired Loans
2006
Historical PCL Ratios on Impaired Loans
Credit fundamentals remain strong; PCLS on impaired loans in line with long-term average
2.00%
1.50%
1.00%
0.50%
0.00%
ALL BANK HISTORICAL PCL RATIO ON IMPAIRED LOANS1
2002: Included $454
million related to the
Bank's exposure to
Argentina
2009: Higher PCLS
driven by economic
conditions, event
distributed across
business lines. Higher
general allowance and
sectoral allowance
(automotive related)
2.00%
CANADIAN BANKING HISTORICAL PCL RATIO ON IMPAIRED LOANS¹
2007
2008
2009
2010
2014
Historical Average - PCL Ratio on Impaired Loans (26 bps)
2015
Scotiabank®
2016
2017
32
32
2018
2019
YTD
2009
2010
2011
2012
2013
2014
Historical Average - PCL Ratio on Impaired Loans (44 bps)
Average: 26 bps
2015
2016
2017
2018
2019 YTD
Average: 44 bpsView entire presentation