Digital Banking Strength and Strategic Funding
Canadian Banking: Loan Portfolio
High quality retail loan portfolio: ~93% secured
81%
Real Estate
Secured Lending
High Quality Residential Mortgage Portfolio
。 39% insured; remaining 61% uninsured has an LTV of 53%1
。 Mortgage business model is "originate to hold"
。 New originations² in Q3/20 had average LTV of 64%
。 Majority is freehold properties; condominiums represent approximately 14% of
the portfolio
• Market Leader in Auto Loans
o $37.9 billion retail auto loan portfolio with 7 OEM relationships (3 exclusive)
o Prime Auto and Leases (~91%)
o Stable lending tenor with contractual terms for new originations averaging 77
months (6.5 years) with projected effective terms of 53 months (4.5 years)
• Prudent Growth in Credit Cards
。 $6.6 billion credit card portfolio represents ~2% of domestic retail loan book
and 1.0% of the Bank's total loan book
o Organic growth strategy focused on payments and deepening relationships
with existing customers
5%
Unsecured
DOMESTIC RETAIL
LOAN BOOK³
$303.6B
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 have 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 July 31, 2020
2%
Credit Cards
12%
Automotive
22
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