Bank of Montreal 2004 Annual Report Download - page 83

Download and view the complete annual report

Please find page 83 of the 2004 Bank of Montreal annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 134

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134

Table 18 Provision for Credit Losses
–
Segmented Information ($ millions)
For the year ended October 31 2004 2003 2002 2001 2000
Consumer
Residential mortgages 38765
Cards 106 78 58 48 35
Consumer instalment and other personal loans 60 55 79 74 73
169 141 144 128 113
Commercial and Corporate (1)
Commercial mortgages 21 6 10 (1)
Commercial real estate 6(16) (2) (1) 1
Construction (non-real estate) 91 (23) 28 (2)
Retail trade 2(7) 29 74 20
Wholesale trade 9(1) 19 114 3
Agriculture 20 5 2 (1) (10)
Communications (12) 7 399 129
–
Manufacturing (37) 116 94 280 81
Mining (1) 10
–
5
–
Oil and gas (4) (18) 22 (22) 6
Transportation (17) 29 17 38 68
Utilities (87) 69 69 17 (1)
Forest products (7) 37 4 – 3
Service industries 13 58 19 18 14
Financial institutions 13 2 23 64 (6)
Other (11) 21 (2) (1) 1
(102) 314 676 752 177
Total specific provisions 67 455 820 880 290
Change in general allowance (170)
––
100 110
Change in country risk allowance
––––
(42)
Total provision for credit losses (103) 455 820 980 358
(1) There has been no provision for credit losses on securities purchased under resale agreements.
Table 19 Specific Allowance for Credit Losses
–
Segmented Information ($ millions)
As at October 31 2004 2003 2002 2001 2000
Commercial and Corporate Specific
Allowance by Industry
Commercial mortgages
–––
6
–
Commercial real estate 43 9 12 30
Construction (non-real estate) 20 25315
Retail trade 78185923
Wholesale trade 14 40 109 80 12
Agriculture 12 714 310
Communications 46 85 116 60 30
Manufacturing 79 158 175 300 96
Mining
–––––
Oil and gas
–
2201851
Transportation 636 64 77 77
Utilities 46 141 87 19 2
Forest products 834 6 10 19
Service industries 23 49 44 48 85
Financial institutions 10 21 29 26 35
Other 16 12 64 6 31
Total specific allowance for credit losses
on commercial and corporate loans (1) 291 598 760 755 506
(1) There are no impaired securities purchased under resale agreements and no related allowances.
BMO Financial Group Annual Report 2004 79
Total
2004 2003 2002 2001 2000
1,791 1,949 1,949 1,597 1,427
(103) 455 820 980 358
–––––
131 88 68 40 44
(470) (566) (884) (698) (251)
(41) (135) (4) 30 19
1,308 1,791 1,949 1,949 1,597
(206) (178) (176) (157) (139)
(264) (388) (708) (541) (67)
––––
(45)
41 36 30 25 23
90 52 38 15 21
0.2 0.3 0.6 0.4 0.1
Total
2004 2003 2002 2001 2000
55566
22485
77 9 14 11
291 598 760 755 506
–
6
–––
298 611 769 769 517
1,010 1,180 1,180 1,180 1,080
1,308 1,791 1,949 1,949 1,597
116.9 93.1 83.4 96.8 106.4
4.3 3.7 5.1 7.1 5.6
30.4 34.6 35.2 41.5 38.8
Supplemental Information