Q2 F2023 - Bank of the West Contribution & Financial Results
Commercial Real Estate Portfolio Overview
Commercial Real Estate (CRE) portfolio at $67B represents 10% of
total bank GL&A
-
Portfolio is well diversified across businesses, property types
and geographies
Loan-to-value (LTV)³ coverage of 60% to 65%
Well managed with consistent and conservative underwriting
standards resulting in strong credit quality, investment grade
(58%), with low watchlist (1%) and impaired (0.3%)
CRE by Geography1
ONTARIO 20%
BRITISH COLUMBIA 13%
QUEBEC 7%
Canada 50%
ALBERTA 5%
$67B
NOVA SCOTIA 3%
OTHER CANADA 2%
% of Total
CRE Portfolio 1,2
CALIFORNIA 14%
Canada
U.S.
Total
($B, as at Q2 23)
Gross Loans &
Acceptances
OTHER US 22%
Multi-Residential
10.0
7.7
17.7
3%
TEXAS 6%
NEW YORK 3%
ILLINOIS 3%
ARIZONA 2%
U.S. 50%
Single Family Res
6.0
1.0
7.0
1%
Industrial
5.7
6.4
12.1
2%
Retail
3.1
3.8
7.0
1%
Office by Property Type
Office
2.3
7.1
9.4
1%
Mixed Use
3.2
0.2
3.3
1%
Other -
Hospitality, Healthcare and
urban
0.8
1.9
2.6
0.4%
REITS
27%
Diversified REIT'S
25%
Other
2.6
5.3
7.9
1%
$9B
Total CRE
33.6
33.4
67.0
10%
Medical
11%
Total GLA
373.2
275.5
648.7
1 Based on the location of the collateral or the borrower for REITS
2 Totals may not add due to rounding
3 LTV calculated based on value of the property at origination and outstanding amount for loans and authorization amount for revolvers
BMOM
•
Risk Review May 24, 2023
30
Other -
suburban
37%View entire presentation