Financial Overview and Sector Exposure
GROSS IMPAIRED LOANS AND FORMATIONS
Gross Impaired Loans (1) (GIL)
($MM)
45
42
39
36
32
$757
$731
$699
$662
$608
$463
$470
$450
$406
$339
$242
$208
$193
$192
$188
$52
$53
$56
$64
$81
Q1 21
Q2 21
Q3 21
Q4 21
Q1 22
USSF&I
Retail
Non-Retail
GIL ratio (bps)
Net Formations (2) by Business Segment
($MM)
Q1 22
Q4 21
Q3 21
Q2 21
Q1 21
Personal
20
14
10
(8)
(20)
Commercial
Financial Markets
10
(2)
7
(37)
(18)
(10)
(31)
(17)
54
41
Wealth Management
-
10
6
(1)
Credigy
ABA Bank
5
2
4
6
6
Total GIL Net Formations
15
40
8
3
1
(1)
1
7
22
22
7
■ Gross impaired loans of 32bps ($608M), a
decline of 4bps QoQ and 13bps YoY
■ Net formations of $40 million
Slow normalization of formations in
Personal
New formations in Commercial
related mainly to one account; offset
by repayments in Financial Markets
Increase in ABA's new formations
following the end of moratoriums
(1) Under IFRS 9, impaired loans are all loans classified in stage 3 of the expected credit loss model. Impaired loans presented in
this table do not take into account purchased or originated credit-impaired loans.
(2) Formations include new accounts, disbursements, principal repayments, and exchange rate fluctuation; net of write-offs.
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