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Supplemental Information
SUPPLEMENTAL INFORMATION
Table 14: Specific Allowances for Credit Losses –
Segmented Information (2)
($ millions)
As at October 31 2015 2014 2013 2012 2011
Businesses and Governments Specific
Allowances by Industry
Commercial real estate 17 13 46 79 136
Construction (non-real estate) 816 26 22 19
Retail trade 23 81317 15
Wholesale trade 19 10 25 6 8
Agriculture 68 9 11 8
Communications 9––1 –
Manufacturing 38 33 36 67 37
Mining 110 3 – –
Oil and gas 2–12 3
Transportation 5242 9
Utilities –––1 –
Forest products 291115 14
Service industries 33 100 59 75 51
Financial institutions 3229 8 63
Government ––11 2
Other 40 33112 18
Total specific allowances for credit losses on businesses and governments loans (1) 206 214 294 319 383
Table 15: Provision for Credit Losses –
Segmented Information (2)
($ millions)
For the year ended October 31 2015 2014 2013 2012 2011
Consumer
Residential mortgages 11 77 129 132 109
Cards 272 268 305 355 376
Consumer instalment and other personal loans 225 251 313 387 291
Total consumer 508 596 747 874 776
Businesses and Governments
Commercial real estate (37) (141) (185) (108) 132
Construction (non-real estate) –7 36 (14) 21
Retail trade 81 (4) – 7
Wholesale trade 19 29 10 (16) (1)
Agriculture 315 8 4 7
Communications 13 – (6) (5) (9)
Manufacturing 67 44 2 25 47
Mining 27 2 (1) –
Oil and gas 25 –––1
Transportation (4) 10 (9) 5 8
Utilities –––– –
Forest products –(1) 3 7 4
Service industries (29) 80 (37) 23 76
Financial institutions 8(34) (15) (29) 45
Government (2) (3) (6) – –
Other 31 (49) 51 (4) 12
Total businesses and governments 104 (35) (150) (113) 350
Total specific provisions 612 561 597 761 1,126
Collective provision for credit losses –– (10) 3 86
Total provision for credit losses 612 561 587 764 1,212
Performance Ratios (%)
PCL-to-average net loans and acceptances (3) (4) 0.19 0.19 0.22 0.31 0.56
PCL-to-segmented average net loans and acceptances (4)
Consumer 0.30 0.37 0.49 0.62 0.57
Businesses and governments 0.05 (0.06) (0.18) (0.15) 0.45
Specific PCL-to-average net loans and acceptances 0.19 0.19 0.23 0.31 0.52
2011 has not been restated to reflect the new IFRS standards adopted in 2014. The adoption of new IFRS standards in 2015 only impacted our results prospectively.
(1) Amounts for 2015 exclude specific allowances of $4 million related to Other Credit Instruments (2014 – $23 million, 2013 – $21 million, 2012 – $19 million, 2011 – $43 million) included in
Other Liabilities.
(2) Fiscal 2013, 2012 and 2011 balances were reclassified in 2014 to conform to the current period’s presentation.
(3) Ratio is presented including purchased portfolios and prior periods have been restated.
(4) Certain balances and ratios (coverage, condition and performance) for fiscal 2012 were restated in 2013 to conform to the current period’s presentation.
130 BMO Financial Group 198th Annual Report 2015