Bank of Montreal 2002 Annual Report Download - page 64
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60 BMO FINANCIAL GROUP ANNUAL REPORT
2002
SUPPLEMENTAL INFORMATION
TABLE 15 Changes in Allowance for Credit Losses – Segmented Information ($ millions, except as noted)
Canada United States Other countries
As at October 31 2002 2001 2000 1999 1998 2002 2001 2000 1999 1998 2002 2001 2000 1999 1998
Allowance for credit losses,
beginning of year 1,266 1,170 963 868 895 646 382 335 268 246 37 45 129 136 98
Provision for credit losses 561 402 271 210 77 255 570 120 98 38 48 (33) 12 15
Transfer of allowance (231) 26 68
–
(17) 225 (15) (59)
––
6(11) (9)
–
17
Recoveries 28 25 30 22 29 39 15 14 25 35 1
––––
Write-offs (a) (419) (361) (164) (131) (116) (465) (331) (42) (47) (76)
–
(6) (45) (15) (3)
Other, including foreign exchange (5) 4 2 (6)
––
25 14 (9) 25 11 3 (4) 9
Allowance for credit losses,
end of year 1,200 1,266 1,170 963 868 700 646 382 335 268 49 37 45 129 136
Allocation of Write-offs by Market
Individuals (153) (144) (129) (92) (60) (23) (13) (10) (12) (33)
–––––
Commercial, corporate
and institutional (266) (217) (35) (39) (56) (442) (318) (32) (35) (43)
–
(6)
–––
Lesser-developed countries
––––––––––––
(45) (15) (3)
Allocation of Recoveries by Market
Individuals 22 19 18 17 16 86557
–––––
Commercial, corporate
and institutional 6612 51331 9 9 20 28 1
––––
Net write-offs as a % of
average loans and acceptances NA NA NA NA NA NA NA NA NA NA NA NA NA NA NA
TABLE 16 Allocation of Allowance for Credit Losses – Segmented Information ($ millions, except as noted)
Canada United States Other countries
As at October 31 2002 2001 2000 1999 1998 2002 2001 2000 1999 1998 2002 2001 2000 1999 1998
Individuals
Residential mortgages 56644
––––––––––
Consumer instalment and
other personal loans 46354
–
2235
–––––
Total loans to individuals 912998
–
2235
–––––
Diversified commercial (b) 391 399 231 134 125 320 319 230 182 113 31 37 45 44 24
Lesser-developed countries
––––––––––
18
––
85 104
Off-balance sheet
––––––––––––––
8
Total specific allowance 400 411 240 143 133 320 321 232 185 118 49 37 45 129 136
General allowance 800 855 930 820 735 380 325 150 150 150
–– – – –
Allowance for credit losses 1,200 1,266 1,170 963 868 700 646 382 335 268 49 37 45 129 136
Coverage Ratios
ACL as a % of gross impaired
loans and acceptances
Total 116.4 134.0 153.7 145.0 170.9 58.9 63.6 57.5 104.7 118.6 41.5 68.5 59.2 131.6 142.2
Individuals 5.4 6.2 4.6 4.8 5.4
–
50.0 100.0 100.0 100.0
–––––
Diversified commercial 45.3 53.0 40.8 28.0 34.6 27.2 31.6 34.8 57.4 51.1 31.0 68.5 59.2 47.8 28.6
Lesser-developed countries (c) na na na na na na na na na na 100.0 na na 100.0 100.0
(a)
Write-offs on designated LDCs include losses of $45 million on sales of performing assets that were
charged directly against the allowance in 2000.
(b) There are no impaired securities purchased under resale agreements and no related allowances.
(c)
Excludes LDC reservations in excess of impaired loans of $79 million in 1999 and $98 million in 1998.
(d) Prior years have been reclassified to conform with the current year presentation.
(e) There has been no provision for credit losses on securities purchased under resale agreements.
NA– not available
na – not applicable