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98 | BMO Financial Group 191st Annual Report 2008
Supplemental Information
SUPPLEMENTAL INFORMATION
Table 16: Changes in Allowance for Credit Losses –Segmented Information ($ millions, except as noted)
Canada United States Other countries
As at October 31 2008 2007 2006 2005 2004 2008 2007 2006 2005 2004 2008 2007 2006 2005 2004
Allowance for credit losses,
beginning of year 692 651 687 762 1,013 362 403 435 514 661 14 6 32 117
Provision for credit losses 340 257 181 192 (1) 942 99 (3) 14 (46) 48 (3) (2) (27) (56)
Transfer of allowance –5––––7––––––––
Recoveries 61 53 47 37 35 53 38 65 30 94 ––––2
Write-offs (387) (274) (263) (303) (283) (576) (117) (75) (116) (157) (7) –––(30)
Other, including foreign
exchange rate changes 2– (1) (1) (2) 217 (68) (19) (7) (38) (1) ––1(1)
Allowance for credit losses,
end of year 708 692 651 687 762 998 362 403 435 514 41 14632
Allocation of Write-offs by Market
Consumer (303) (246) (229) (219) (185) (125) (43) (38) (27) (21) –––––
Commercial and corporate (84) (28) (34) (84) (98) (451) (74) (37) (89) (136) (7) –––(30)
Allocation of Recoveries by Market
Consumer 56 50 39 33 29 35 22 21 16 12 –––––
Commercial and corporate 5384618 16 44 14 82 ––––2
Net write-offs as a % of
average loans and acceptances un un un un un un un un un un un un un un un
Table 17: Allocation of Allowance for Credit Losses –Segmented Information ($ millions, except as noted)
Canada United States Other countries
As at October 31 2008 2007 2006 2005 2004 2008 2007 2006 2005 2004 2008 2007 2006 2005 2004
Consumer
Residential mortgages 13 14555––––––––––
Consumer instalment and
other personal loans 21112––––––––––
Total consumer 15 15667––––––––––
Commercial and corporate 114 90 90 91 125 256 51 53 66 134 41 14632
Off-balance sheet –––––––––––––––
Total specific allowance 129 105 96 97 132 256 51 53 66 134 41 14632
General allowance 579 587 555 590 630 742 311 350 369 380 –––––
Allowance for credit losses 708 692 651 687 762 998 362 403 435 514 41 14632
Coverage Ratios
Allowance for credit losses
as a % of gross impaired
loans and acceptances
Total 88.2 152.4 166.5 179.4 163.9 66.8 138.2 155.0 109.6 91.8 45.6 25.0 26.7 25.0 34.0
Consumer 4.8 8.3 3.8 4.8 4.5 –––––na na na na na
Commercial and corporate 23.4 33.0 38.6 35.4 40.6 18.2 19.5 20.8 35.4 24.1 45.5 25.0 26.7 25.0 34.0
un –unavailable
na –not applicable