Canadian lenders resilient to oil rout

Canadian banks claim to be well-prepared to weather lower oil prices, having cut exposures to energy producers as a share of their total loan portfolios in recent years.

At end-October, loans outstanding to oil and gas companies held by the ‘Big Five’ – Bank of Montreal (BMO), Canadian Imperial Bank of Commerce (CIBC), Royal Bank of Canada (RBC), Scotiabank and TD Bank – were C$44.6 billion ($33.7 billion), or 1.7% of total gross loans, down from 1.8% the year prior, and 1.9% at end-October

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here