Colombian Economy & Banking Sector Analysis
Canadian Banking: Financial Performance
High quality retail loan portfolio: ~93% secured
•
High quality residential mortgage portfolio
80%
Real Estate
Secured Lending
。 38% insured; remaining 62% uninsured has a LTV of 53%¹
• Market leader in auto loans
o $38.7 billion retail auto loan portfolio with 7 OEM relationships (3 exclusive)
o Prime Auto and Leases (~91%)
。 Stable lending tenor with contractual terms for new originations averaging 78
months (6.5 years) with projected effective terms of 53 months (4.5 years)
• Prudent growth in credit cards
o $6.7 billion credit card portfolio represents ~2% of domestic retail loan book
and 1.0% of the Bank's total loan book
o Organic growth strategy focused on payments and deepening customer
relationships
。 Strong risk management culture with specialized credit card teams, customer
analytics and collections focus
Prudent growth of Card portfolio given elevated unemployment across Canada
and additional pressure on loan obligations: de-risking policies are put in place
at the onset of the pandemic to ensure borrowers' debt capacity and credit
profile are within the Bank's controlled risk appetite under crisis
5%
Unsecured
DOMESTIC RETAIL
LOAN BOOK²
$303.6B
2%
Credit Cards
1 LTV calculated based on the total outstanding balance secured by the property. Property values indexed using Teranet HPI data
2 Spot Balance as of April 30, 2020
13%
Automotive
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