Q1 2023 Financial Results
Canadian Loan Portfolio
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High Quality Residential Mortgage Portfolio
。 27% insured; remaining 73% uninsured has an LTV of 49%1
。 Mortgage business model is "originate to hold"
o New originations² in Q1/23 had average uninsured LTV of 63%
。 Majority is freehold properties; condominiums represent
approximately 16% of the portfolio
Market Leader in Auto Loans
o $40.7 billion 4 retail auto loan portfolio with 10 OEM relationships (6
exclusive)
o Prime Auto and Leases (~93%)
o Stable lending tenor with contractual terms for new originations
averaging 79 months (~6.5 years) with projected effective terms of
54 months (4.5 years)
Prudent Growth in Credit Cards
o $7 billion³ credit card portfolio represents ~2% of domestic retail
loan book and ~1% of the Bank's total loan book
o Organic growth strategy focused on payments and deepening
relationships with existing customers
4%
Unsecured
84%
Real Estate
Secured Lending
DOMESTIC RETAIL
LOAN BOOK 3,5
$387Bn
2%
Credit Cards
11%
Automotive
1 LTV calculated based on the total outstanding balance secured by the property. Property values indexed using Teranet HPI data
2 New originations defined as newly originated uninsured residential mortgages and equity lines of credit, which include mortgages for purchases,
refinances with a request for additional funds and transfer from other financial institutions
3 Spot Balance as of January 31, 2023
4 Net of allowance for credit losses
5 May not add due to rounding
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