‘Big Five’ Canadian banks’ loan-loss charges quadruple
Canada’s top five banks put aside an aggregate C$10.4 billion ($7.6 billion) for soured loans and other credit assets in the three months to April 30, almost four times as much as in the previous quarter.
Provisions for credit losses (PCLs) taken for already impaired assets at BMO, CIBC, RBC, Scotiabank and TD Bank made up C$3.2 billion of this total, up 27% quarter-on-quarter. Those for still performing loans, however, totalled C$7.1 billion, 32 times the amount taken over the three months to
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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Risk Quantum
Investing
BlackRock to grant funds power to track climate risks
Aladdin system holding trillions of dollars to show whether funds are burning the Earth or saving it
Receive this by email