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Table 16 Changes in Allowance for Credit Losses
–
Segmented Information ($ millions, except as noted)
Canada United States Other countries
As at October 31 2004 2003 2002 2001 2000 2004 2003 2002 2001 2000 2004 2003 2002 2001 2000
Allowance for credit losses (ACL),
beginning of year 1,013 1,200 1,266 1,170 963 661 700 646 382 335 117 49 37 45 129
Provision for credit losses (1) 211 561 402 271 (46) 211 255 570 120 (56) 33 4 8 (33)
Transfer of allowance
–
(70) (231) 26 68
–
5 225 (15) (59)
–
65 6 (11) (9)
Recoveries 35 28 28 25 30 94 60 39 15 14 2
–
1
––
Write-offs (283) (341) (419) (361) (164) (157) (211) (465) (331) (42) (30) (14)
–
(6) (45)
Other, including foreign
exchange rate changes (2) (15) (5) 4 2 (38) (104)
–
25 14 (1) (16) 1 1 3
Allowance for credit losses,
end of year 762 1,013 1,200 1,266 1,170 514 661 700 646 382 32 117 49 37 45
Allocation of Write-offs by Market
Consumer (185) (155) (153) (144) (129) (21) (23) (23) (13) (10)
–––––
Commercial and corporate (98) (186) (266) (217) (35) (136) (188) (442) (318) (32) (30) (14)
–
(6)
–
Lesser-developed countries (LDCs)
––––––––––––––
(45)
Allocation of Recoveries by Market
Consumer 29 26 22 19 18 12 10865
–––––
Commercial and corporate 62661282 50 31 9 9 2
–
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 17 Allocation of Allowance for Credit Losses
–
Segmented Information ($ millions, except as noted)
Canada United States Other countries
As at October 31 2004 2003 2002 2001 2000 2004 2003 2002 2001 2000 2004 2003 2002 2001 2000
Consumer
Residential mortgages 55566
––––––––––
Consumer instalment and
other personal loans 22463
–––
22
–––––
Total consumer 779129
–––
22
–––––
Commercial and corporate (1) 125 200 391 399 231 134 281 320 319 230 32 117 49 37 45
Off-balance sheet
–
6
–––––––––––––
Total specific allowance 132 213 400 411 240 134 281 320 321 232 32 117 49 37 45
General allowance 630 800 800 855 930 380 380 380 325 150
–––––
Allowance for credit losses 762 1,013 1,200 1,266 1,170 514 661 700 646 382 32 117 49 37 45
Coverage Ratios
ACL as a % of gross impaired
loans and acceptances
Total 163.9 167.3 128.2 134.0 153.7 91.8 62.8 58.2 63.6 57.5 34.0 44.3 24.6 68.5 59.2
Consumer 4.5 3.8 5.4 6.2 4.6
–––
50.0 100.0 na na na na na
Commercial and
corporate (1) 40.6 47.7 50.8 53.0 40.8 24.1 26.8 26.7 31.6 34.8 34.0 44.3 24.6 68.5 59.2
BMO Financial Group Annual Report 200478
Supplemental Information
Supplemental Information
(1) There are no impaired securities purchased under resale agreements and no related allowances.
NA
–
not available
na
–
not applicable