Concentration of credit risk

12 Months Ended

Oct. 31, 2025


Note 22		Concentration of credit risk

Concentration of credit exposure may arise with a group of counterparties that have similar economic characteristics or are located in the same geographic region. The ability of such counterparties to meet contractual obligations would be similarly affected by changing economic, political or other conditions.

The amounts of credit exposure associated with our on- and off-balance sheet financial instruments are summarized in the following table:

Credit exposure by country of ultimate risk


$ millions, as at October 31							2025								2024
	Canada		U.S.		Other countries		Total		Canada		U.S.		Other countries		Total
On-balance sheet
Major assets (1)(2)(3)	$	657,015	$	288,069	$	118,402	$	1,063,486	$	627,621	$	259,280	$	110,984	$	997,885
Off-balance sheet
Credit-related arrangements
Financial institutions	$	48,031	$	36,436	$	7,959	$	92,426	$	46,567	$	31,083	$	6,522	$	84,172
Governments		11,022		129		126		11,277		10,913		153		15		11,081
Retail		211,289		1,250		684		213,223		199,324		1,125		525		200,974
Corporate		85,458		60,355		18,144		163,957		80,644		49,994		13,546		144,184
Total	$	355,800	$	98,170	$	26,913	$	480,883	$	337,448	$	82,355	$	20,608	$	440,411

(1)	Major assets consist of cash and deposits with banks, loans and acceptances net of allowance for credit losses, securities, securities borrowed or purchased under resale agreements, and derivative instruments.

(2)	Includes Canadian currency of $630.8 billion (2024: $596.4 billion) and foreign currencies of $432.7 billion (2024: $401.5 billion).

(3)

No industry or foreign jurisdiction accounted for 10% or more of loans and acceptances

net of allowance for credit losses, with the exception of the U.S., which accounted for 17% as at October 31, 2025 (2024: 15

%),

the real estate and construction

sector

, which across all jurisdictions accounted for 10% as at October 31, 2025 (2024: 10

%) and the financial institutions

sector

, which across all jurisdictions accounted for 10% as at October 31, 2025 (2024: 8%).

Canadian residential mortgages accounted for 48% as at October 31, 2025 (2024: 49%) of loans and acceptances

net of allowance for credit losses.

See Note 12 for derivative instruments by country and counterparty type of ultimate risk. In addition, see Note 20 for details on the client securities lending of the joint ventures which CIBC has with The Bank of New York Mellon.

Also see the shaded sections in “MD&A – Management of risk” for a detailed discussion on our credit risk.