Financial Performance and Digital Progress Update
Provisions and Allowances
TOTAL ACLS1 ($MM) AND ACL RATIO2
•
HIGHLIGHTS
Total ACL ratio up 7 bps Q/Q to 85 bps
○
Performing Allowances are $4.7 billion
Up $460MM Q/Q; ACL build mainly in
Canadian Banking
○ Highly secured retail portfolio
(94% in Canada and 73% in International)
Business banking portfolio remained
resilient
80 bps
75 bps
72 bps
71 bps
72 bps
75 bps
78 bps
85 bps
6,629
О
5,931
6,094
39
5,583
5,375
5,295
5,499
5,668
33
34
31
20
20
28
1,871
28
1,326
1,255
1,276
1,368
1,409
1,530
1,598
1,723
1,595
1,532
1,528
1,547
1,551
1,590
1,865
о
2,514
2,505
2,459
2,575
2,681
2,817
2,872
2,854
Q1/22
Q2/22
Q3/22
Q4/22
Q1/23
Q2/23
Q3/23
Q4/23
3
■International Retail
■Canadian Retail
■Business Banking
GWM/Other
TOTAL PCLS ($MM) AND PCL RATIO4
HIGHLIGHTS
Total PCL ratio of 65 bps, up 23 bps Q/Q
Higher Performing PCLs mainly in
Canadian Banking
Impaired PCLs driven by higher
migrations in Canadian and International
Retail and higher Business Banking
provisions mainly in GBM
65 bps
22 bps
28 bps
33 bps
37 bps
42 bps
о
1,256
13 bps
13 bps
5
39
819
709
638
529
2
2 700
412
1
11
53 307
222
219
9
1
163
93
274
276
(35)
325
355
218
404
15 218
436
516
512
(12)
(6)
(46)
(15)
Q1/22
Q2/22
Q3/22
Q4/22
Q1/23
Q2/23
Q3/23
Q4/23
■Canadian Banking
■Global Banking and Markets
■GWM/Other5
International Banking
1 Includes ACLs on off-balance sheet exposures and ACLs on acceptances and other financial assets
2 ACL ratio defined as period end total ACLs (excluding debt securities and deposits with financial institutions) divided by gross loans and acceptances
3 Includes Allowance for credit losses in Other of $6 million (Q3/23: $6 million)
4 Refer to page 136 of the Management's Discussion & Analysis in the Bank's 2023 Annual Report, available on http://www.sedarplus.ca, for an explanation of the composition of the measure. Such explanation is
incorporated by reference hereto
5 Includes provisions for credit losses in Global Wealth Management of $5 million (Q3/23: $2 million)
14View entire presentation