Embracing Fintech
Credit Performance
TOTAL ACLs1 ($MM) AND ACL RATIO²
125 bps
109 bps
96 bps
82 bps
86 bps
80 bps
75 bps
72 bps
7,810 24
6,893
1,869
23 6,232
1,691
22 5,731
5,095
23 5,583
17
1,529
20 5,375
5,295
20
28
2,064
1,368
1,326
1,114
1,255
1,276
2,056
2,009
1,386
1,863
1,723
1,595
1,532
3,853
2,578
3,123
2,672
2,477
2,514
2,505
2,459
Q1/20 Q1/21 Q2/21
Q3/21 Q4/21
Q1/22 Q2/22
Q3/22
(Pre-pandemic)
3
International Retail
Canadian Retail
■Business Banking
GWM/Other
TOTAL PCLs ($MM)³ AND PCL RATIO4
HIGHLIGHTS
Strong balance sheet with total ACLs of $5.3 billion
Total ACL ratio of 72 bps
Secured retail portfolio
(Canada - 95%; International - 72%)
High investment grade corporate and commercial
loan book
Performing ACL ratio higher than pre-pandemic
levels across secured and unsecured retail
portfolios
Ratio trends reflect positive shift in retail business
mix and improving quality of commercial
portfolios
HIGHLIGHTS
Total PCL ratio of 22 bps, up 9 bps Q/Q
Higher performing PCLs for less favourable
macroeconomic forecast
Performing build in International Banking,
and lower performing releases in Canadian
Banking compared to prior quarter
49 bps
51 bps
33 bps
22 bps
о
24 bps
10 bps
13 bps
13 bps
18
771
250
764
215 \20 496
412
145
503
525
396
380
339
69
9
168
314
222
219
1
(35)
274
276
93
325
\(43)
(2)
(27)
(1)
(96)
(50)
\(16)
(1)
(12)
(15)
(46)
(Pre-pandemic)
Q1/20 Q1/21
International Banking
Q2/21 Q3/21 Q4/21 Q1/22 Q2/22
Q3/22
О
Impaired PCLs declined 4% Q/Q
5
■Canadian Banking
■Global Banking and Markets
■GWM/Other
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 $5 million
4 Refer to page 51 of the Management's Discussion & Analysis in the Bank's Third Quarter 2022 Report to Shareholders, available on http://www.sedar.com, 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 (Q1/21: $4 million, Q2/21: -$2 million, Q3/21: -1$ million, Q4/21: $1 million, Q1/22: -$1 million, Q2/22: $1 million)
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