Choice Through Innovation
Loans: Very Low Risk Lending Channels
>275 Partners Provide Access to
Hundreds of Millions of Borrowers
Point-of-Sale Financing (Loans and Leases)
Reliable, attractive alternative financing option for POS
lenders, providing convenience for their consumers
Very low-risk:
•
• Default risk resides substantially with partner
Only partner with established POS lenders
• Dominant position in Canada
High growth opportunity in United States
Residential Land & Construction Financing
•
Highly profitable legacy business
Restricted to large, long-established developers
•
Low loan-to-value/low risk-weighted loans
•
No commercial real estate exposure
.
Low-cost deposits enable low-risk lending
30-year history of virtually no loan losses.
Loan Composition (Q1 2024)
8
73%
27%
■ Other Loans & Liquid Securities
■ Point of Sale Loans
US$916M US$855M
C$1.25B C$1.15B
US$2.30B
US$734M
C$1.00B US$2.08B C$3.08B
C$2.88B
US$884M
C$1.09B
US$670M US$569M
C$881M C$749M
US$700M
C$932M
US$1.63B
C$2.22B
US$677M
C$889M
US$756M US$736M
C$995M C$981M
US$1.03B
C$1.28B
Opportunistic based on economy/market
W VersaBank
Choice Through Innovation
2018 2019 2020
2021
2022
2023 Q1 2024View entire presentation