Summary of Carrying Amount of Loans Based on Internal Risk Rating Grades |
The following tables provide the gross carrying amount of loans, and the contractual amounts of undrawn credit facilities and other off-balance sheet exposures based on the application of our 12-month probability of defaults (PD) under IFRS 9 to our risk management PD bands within each respective stage for retail exposures, and based on our internal risk ratings for business and government exposures. Refer to the “Credit risk” section of our 2022 Annual Report for details on the CIBC risk categories.
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$ millions, as at |
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2022 Oct. 31 |
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(2) |
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Stage 1 |
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Stage 2 |
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Stage 3 |
(2) |
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Total |
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– Exceptionally low |
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$ |
174,749 |
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$ |
140 |
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$ |
– |
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$ |
174,889 |
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– Very low |
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53,795 |
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|
498 |
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– |
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|
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54,293 |
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– Low |
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|
|
|
|
|
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|
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24,200 |
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6,816 |
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– |
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31,016 |
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– Medium |
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|
|
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|
|
|
|
|
|
|
|
261 |
|
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|
4,927 |
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– |
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5,188 |
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– High |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
– |
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|
|
906 |
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|
|
– |
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|
|
906 |
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– Default |
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|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
– |
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|
|
– |
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|
374 |
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|
374 |
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– Not rated |
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2,604 |
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|
214 |
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222 |
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3,040 |
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Gross residential mortgages |
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255,609 |
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13,501 |
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|
596 |
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269,706 |
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ECL allowance |
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57 |
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69 |
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167 |
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|
293 |
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Net residential mortgages |
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255,552 |
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13,432 |
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|
429 |
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269,413 |
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– Exceptionally low |
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18,943 |
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|
1 |
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– |
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18,944 |
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– Very low |
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6,119 |
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5 |
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– |
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6,124 |
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– Low |
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9,117 |
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4,953 |
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– |
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14,070 |
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– Medium |
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|
934 |
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3,084 |
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– |
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4,018 |
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– High |
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266 |
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1,089 |
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– |
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1,355 |
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– Default |
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– |
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– |
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|
175 |
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|
175 |
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– Not rated |
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|
657 |
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|
34 |
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|
52 |
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743 |
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36,036 |
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9,166 |
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|
227 |
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45,429 |
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ECL allowance |
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|
115 |
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|
641 |
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|
146 |
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|
902 |
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Net personal |
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35,921 |
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8,525 |
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81 |
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44,527 |
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– Exceptionally low |
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3,151 |
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– |
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– |
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3,151 |
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– Very low |
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1,042 |
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– |
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– |
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1,042 |
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– Low |
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6,936 |
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|
597 |
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– |
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7,533 |
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– Medium |
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|
992 |
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2,927 |
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– |
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3,919 |
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– High |
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|
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|
|
– |
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|
682 |
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|
– |
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|
682 |
|
– Default |
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|
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|
|
|
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|
|
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|
– |
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|
– |
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|
– |
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|
– |
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– Not rated |
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|
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|
145 |
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|
7 |
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– |
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|
152 |
|
Gross credit card |
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|
|
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12,266 |
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4,213 |
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– |
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16,479 |
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ECL allowance |
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|
143 |
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|
641 |
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– |
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|
784 |
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Net credit card |
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12,123 |
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3,572 |
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– |
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15,695 |
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– Investment grade |
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|
87,184 |
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|
404 |
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– |
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87,588 |
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– Non-investment grade |
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|
101,889 |
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6,457 |
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– |
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108,346 |
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– Watchlist |
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|
66 |
|
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|
2,971 |
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|
|
– |
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|
3,037 |
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– Default |
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|
|
|
|
|
|
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|
– |
|
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|
– |
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|
920 |
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|
920 |
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– Not rated |
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|
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|
208 |
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|
17 |
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|
– |
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|
225 |
|
Gross business and government (3)(5) (6) |
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|
|
|
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|
189,347 |
|
|
|
9,849 |
|
|
|
920 |
|
|
|
200,116 |
|
ECL allowance |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
285 |
|
|
|
458 |
|
|
|
351 |
|
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|
1,094 |
|
Net business and government |
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|
|
|
|
|
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|
189,062 |
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|
9,391 |
|
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|
569 |
|
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|
199,022 |
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Total net amount of loans |
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$ |
492,658 |
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|
$ |
34,920 |
|
|
$ |
1,079 |
|
|
$ |
528,657 |
|
(1) |
The table excludes debt securities measured at FVOCI, for which ECL allowances of $23 million (October 31, 2022: $24 million) were recognized in AOCI. In addition, the table excludes debt securities classified at amortized cost, for which ECL allowances of $14 million were recognized as at January 31, 2023 (October 31, 2022: $15 million), $12 million of which was stage 3 ECL allowance on originated credit-impaired amortized cost debt securities (October 31, 2022: $12 million). Other financial assets classified at amortized cost were also excluded from the table above as their ECL allowances were immaterial as at January 31, 2023 and October 31, 2022. Financial assets other than loans that are classified a t amortized cost are presented on our interim consolidated balance sheet net of ECL allowances. |
(2) |
Excludes foreclosed assets of $21 million (October 31, 2022: $24 million) which were included in Other assets on our interim consolidated balance sheet. |
(3) |
Includes $ 2 million (October 31, 2022: $ 4 million) of residential mortgages and $772 million (October 31, 2022: $963 million) of business and government loans that are measured and designated at FVTPL. |
( 4 ) |
The internal risk rating grades presented for residential mortgages and certain personal loans do not take into account loan guarantees or insurance issued by the Canadian government (federal or provincial), Canadian government agencies, or private insurers, as the determination of whether a significant increase in credit risk has occurred for these loans is based on relative changes in the loans’ lifetime PD without considering collateral or other credit enhancements. |
( 5 ) |
Includes customers’ liability under acceptances of $11,996 million (October 31, 2022: $11,574 million). |
(6) |
The January 31, 2023 amounts include the impact of a change in the internal risk rating methodology applied at CIBC Bank USA. | Undrawn credit facilities and other off-balance sheet exposures
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|
2022 Oct. 31 |
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|
Stage 1 |
|
|
Stage 2 |
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Stage 3 |
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|
Total |
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|
|
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|
|
|
|
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|
|
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|
– Exceptionally low |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
149,286 |
|
|
$ |
6 |
|
|
$ |
– |
|
|
$ |
149,292 |
|
– Very low |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,461 |
|
|
|
51 |
|
|
|
– |
|
|
|
14,512 |
|
– Low |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,844 |
|
|
|
2,412 |
|
|
|
– |
|
|
|
13,256 |
|
– Medium |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
522 |
|
|
|
1,402 |
|
|
|
– |
|
|
|
1,924 |
|
– High |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
155 |
|
|
|
682 |
|
|
|
– |
|
|
|
837 |
|
– Default |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
– |
|
|
|
– |
|
|
|
39 |
|
|
|
39 |
|
– Not rated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
484 |
|
|
|
8 |
|
|
|
– |
|
|
|
492 |
|
Gross retail |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
175,752 |
|
|
|
4,561 |
|
|
|
39 |
|
|
|
180,352 |
|
ECL allowance |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
38 |
|
|
|
83 |
|
|
|
– |
|
|
|
121 |
|
Net retail |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
175,714 |
|
|
|
4,478 |
|
|
|
39 |
|
|
|
180,231 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
– Investment grade |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
119,069 |
|
|
|
121 |
|
|
|
– |
|
|
|
119,190 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
64,446 |
|
|
|
2,540 |
|
|
|
– |
|
|
|
66,986 |
|
– Watch list |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15 |
|
|
|
571 |
|
|
|
– |
|
|
|
586 |
|
– Default |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
– |
|
|
|
– |
|
|
|
69 |
|
|
|
69 |
|
– Not rated |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
575 |
|
|
|
26 |
|
|
|
– |
|
|
|
601 |
|
Gross business and government (1) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
184,105 |
|
|
|
3,258 |
|
|
|
69 |
|
|
|
187,432 |
|
ECL allowance |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
50 |
|
|
|
32 |
|
|
|
– |
|
|
|
82 |
|
Net business and government |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
184,055 |
|
|
|
3,226 |
|
|
|
69 |
|
|
|
187,350 |
|
Total net undrawn credit facilities and other off-balance sheet exposures |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
359,769 |
|
|
$ |
7,704 |
|
|
$ |
108 |
|
|
$ |
367,581 |
|
(1) |
The January 31, 2023 amounts include the impact of a change in the internal risk rating methodology applied at CIBC Bank USA. |
|