Financial Overview and Sector Exposure
APPENDIX 13 | COMMERCIAL REAL ESTATE PORTFOLIO
(As at January 31, 2022)
Total CRE Portfolio
$15.1B (8.0% of total loans)
Commercial Banking share
$13.4B (7.1% of total loans)
☐
Corporate
Banking
11%
Commercial
Banking
89%
Industrial
6%
Office
11%
Other
20%
Retail
14%
Residential
49%
Total CRE Portfolio of $15.1B
☐
Corporate Banking accounts for 11% of portfolio,
primarily public REITs, well diversified across
sectors
Commercial Banking accounts for 89% of portfolio
Drill down on Commercial Banking CRE:
Residential (3.5% of total loans - up $0.6B)
◉
Insured loans accounted for 2/3 of the growth QoQ
-
Insured portfolio now represents 52%
LTV on uninsured ~60%
Retail (1.0% of total loans – stable)
Geographic Distribution (Commercial Banking CRE)
■
63%
15%
7%
9%
6%
QC
ON
BC
Other Provinces
AB
Share of portfolio reduced by 5% YoY
■ Portfolio LTV -56%
☐ ~50% of leases with essential services tenants
Office (0.8% of total loans - down $0.1B)
"
☐
Share of portfolio reduced by 3% YoY
Portfolio LTV -58%
Long term leases (over 6 years)
29
29View entire presentation