Financial Overview and Sector Exposure
APPENDIX 11 | PRUDENT PROVISIONING IN UNCERTAIN ECONOMIC ENVIRONMENT
Strong Performing ACL Coverage
Performing ACL/LTM PCL on Impaired Loans
6.0x
4.8x
3.8x
3.3x
2.8x
2.8x 2.8x
3.0x
1.8x
Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22
Total Bank
Performing ACL movement
+80%
Total Allowances Cover 6.1X NCOs
Total ACL/LTM Net Charge-Offs
2.6x
7.9x
6.4x 6.6x
5.9x
5.4x
4.7x
4.1x
6.1x
Q1 20 Q2 20 Q3 20 Q4 20 Q1 21 Q2 21 Q3 21 Q4 21 Q1 22
Total Bank
Strong Total ACL Coverage
Total ACL/Total Loans (excl. POCI and FVTPL)
Peak Build
Q1 22
Q4 21
Q1 21
Q1 20
-25%
-38%
-45%
Mortgages
0.21%
0.20%
0.20%
0.15%
Cumulative Release
Credit Cards
7.75%
7.35%
11.16%
7.14%
Total Retail
0.49%
0.49%
0.62%
0.53%
Total Non-Retail
0.86%
1.04%
1.24%
0.58%
Total Bank
0.63%
0.72%
0.88%
0.56%
27
Q1 20 Q2 20
Q3 20
Q1 21
Q4 20
Q2 21 Q3 21 Q4 21 Q1 22
Note: Performing ACL includes allowances on drawn ($689M), undrawn ($130M) and other assets ($28M)View entire presentation