Investor Presentation February 2024
Gross Impaired Loans and Formations
Formations
Gross Impaired Loans
By Industry
($MM, as at Q1 24)
CA &
U.S.
Total
Other
CA &
Other¹
U.S. Total
Gross impaired loans (GIL) ratio³ 65 bps, up 6 bps
Q/Q, with the largest increases in the services and
manufacturing industries
Formations ($MM)
1,766
Total Consumer
314
127
441
653
426 1,079
1,366
843
917
Service Industries
56
241
297
357
639
996
1,386
925
521
524
633
Manufacturing
25
111
136
158
339
497
275
246
319
284
380
441
Commercial Real Estate
50
101
150
192
288
481
Q1'23
Q2'23
Q3'23
Q4'23
Q1'24
■Consumer
Business and Government
Retail Trade
16
20
35
172
123
295
Transportation
19
6
107
113
21
209
230
Gross Impaired Loans ($MM)
65
Wholesale Trade
8
19
26
61
156
217
59
41
44
Agriculture
40
40
37
77
81
92
173
36
3,960
4,259
2,658
2,844
Construction (non-real estate)
20
33
53
78
63
142
2,027
2,987
3,180
1,382
1,828
2,006
Financial
2
4
7
12
34
46
46
645
830
838
973
1,079
Oil and Gas
0
0
0
0
21
21
Q1'23
Q2'23
Consumer
Q3'23
Business and Government
Q4'23
Q1'24
GIL Ratio³
Other Business and Government²
30
1
31
51
31
82
GIL Ratio³ (bps)
Total Business and Government 252
673
925
1,184 1,995 3,180
78
64
59
58
59
65
48
46
Total Bank
566
800
1,366
1,838 2,421 4,259
35
Totals may not add due to rounding
1 Total Business and Government includes no GIL from other countries
2 Other Business and Government includes industry segments that are each <1% of total GIL
3 Gross impaired loans over total gross loan and acceptances, expressed in basis points
BMOM
2016 2017
2018
2019 2020 2021 2022
2023 Q1'24
Investor Presentation ⚫ February 2024
31View entire presentation