Among Canadian banks, credit provisions leap highest at BMO

Three of the five largest Canadian banks put aside more provisions for credit losses in the three months to end-July than in the preceding quarter, with Bank of Montreal disclosing a whopping 74% spike. 

Aggregate PCLs across the “Big Five” stood at C$2.39 billion ($1.82 billion), up 0.7% quarter-on-quarter. Year-on-year, the increase was 5.5%.

Bank of Montreal ratcheted up provisions the most of the group, taking C$306 million out of income, C$130 million (74%) more than in the previous

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: