IFRS 7 Disclosure (Tables)

12 Months Ended

Oct. 31, 2025

Text Block [Abstract]

Summary of Risk Measurement

	CIBC	S&P	Moody’s
Grade	rating	equivalent	equivalent
Investment grade	00–47	AAA to BBB-	Aaa to Baa3
Non-investment grade	51–67	BB+ to B-	Ba1 to B3
Watch list	70–80	CCC+ to C	Caa1 to Ca
Default	90	D	C

Summary of PD Bands to Various Risk Levels

The following table maps the PD bands to various risk levels:

Risk level	PD bands
Exceptionally low	0.01%–0.20%
Very low	0.21%–0.50%
Low	0.51%–2.00%
Medium	2.01%–10.00%
High	10.01%–99.99%
Default	100%

Summary of Exposure to Credit Risk

$ millions, as at October 31					2025						2024
	IRB approach		Standardized approach		Total		IRB approach		Standardized approach		Total
Business and government portfolios
Corporate
Drawn	$	206,412	$	7,218	$	213,630	$	186,995	$	6,717	$	193,712
Undrawn commitments		58,702		969		59,671		54,122		1,005		55,127
Repo-style transactions		335,746		–		335,746		308,047		1		308,048
Other off-balance sheet		14,659		381		15,040		13,307		331		13,638
OTC derivatives		13,581		136		13,717		10,970		126		11,096
		629,100		8,704		637,804		573,441		8,180		581,621
Sovereign
Drawn		188,329		8,728		197,057		187,765		7,802		195,567
Undrawn commitments		8,386		297		8,683		8,101		178		8,279
Repo-style transactions		55,556		–		55,556		54,661		–		54,661
Other off-balance sheet		1,906		143		2,049		1,595		156		1,751
OTC derivatives		2,416		–		2,416		2,545		–		2,545
		256,593		9,168		265,761		254,667		8,136		262,803
Banks
Drawn		11,664		1,066		12,730		12,076		1,298		13,374
Undrawn commitments		841		–		841		555		–		555
Repo-style transactions		71,881		–		71,881		45,493		–		45,493
Other off-balance sheet		3,529		–		3,529		2,176		–		2,176
OTC derivatives		6,817		–		6,817		5,291		–		5,291
		94,732		1,066		95,798		65,591		1,298		66,889
Gross business and government portfolios		980,425		18,938		999,363		893,699		17,614		911,313
Less: collateral held for repo-style transactions		437,601		–		437,601		388,767		–		388,767
Net business and government portfolios		542,824		18,938		561,762		504,932		17,614		522,546
Retail portfolios
Real estate secured personal lending
Drawn		295,526		3,087		298,613		290,545		3,028		293,573
Undrawn commitments		37,986		–		37,986		36,393		2		36,395
		333,512		3,087		336,599		326,938		3,030		329,968
Qualifying revolving retail
Drawn		24,157		2,870		27,027		22,894		3,119		26,013
Undrawn commitments		70,592		4,226		74,818		63,866		3,979		67,845
Other off-balance sheet		451		120		571		411		114		525
		95,200		7,216		102,416		87,171		7,212		94,383
Other retail
Drawn		15,857		873		16,730		15,199		829		16,028
Undrawn commitments		3,767		–		3,767		3,430		1		3,431
Other off-balance sheet		7		–		7		6		–		6
		19,631		873		20,504		18,635		830		19,465
Small and medium enterprises (SME) retail
Drawn		2,887		–		2,887		3,183		–		3,183
Undrawn commitments		1,143		–		1,143		1,217		–		1,217
Other off-balance sheet		25		–		25		27		–		27
		4,055		–		4,055		4,427		–		4,427
Total retail portfolios		452,398		11,176		463,574		437,171		11,072		448,243
Securitization exposures (1)		40,180		30,105		70,285		30,901		21,251		52,152
Gross credit exposure (2)		1,473,003		60,219		1,533,222		1,361,771		49,937		1,411,708
Less: collateral held for repo-style transactions		437,601		–		437,601		388,767		–		388,767
Net credit exposure (2)	$	1,035,402	$	60,219	$	1,095,621	$	973,004	$	49,937	$	1,022,941

(1) OSFI guidelines define a hierarchy of approaches for treating securitization exposures in our banking book. Depending on the underlying characteristics, exposures are eligible for either the SA or the IRB approach. The SEC-ERBA, which is inclusive of SEC-IAA, includes exposures that qualify for the IRB approach, as well as exposures under the SA.

(2) Excludes exposures arising from derivative and repo-style transactions which are cleared through qualified central counterparties (QCCPs) as well as credit risk exposures arising from other assets that are subject to the credit risk framework, including other balance sheet assets which are risk-weighted at 100%, significant investments in the capital of non-financial institutions which are risk-weighted at 1250%, settlement risk, and amounts below the thresholds for deduction which are risk-weighted at 250%. Non-trading equity exposures are also excluded and are subject to a range of risk-weightings dependent on the nature of the security.

Summary of Breakdown of Our Standardized Credit Risk Exposures by Risk-weight Category

A detailed breakdown of our net credit risk exposures under the standardized approach by risk-weight category is provided below.

$ millions, as at October 31	Risk-weight category														2025		2024
	0%		1–20%		21–50%		51–75%		76–100%		101–150%		>150%		Total		Total
Corporate	$	–	$	–	$	–	$	9	$	8,396	$	299	$	–	$	8,704	$	8,179
Sovereign		7,248		598		308		–		959		56		–		9,169		8,137
Banks		–		945		39		–		30		52		–		1,066		1,298
Real estate secured personal lending		–		715		1,947		298		119		7		–		3,086		3,030
Other retail		–		4,143		–		3,933		12		1		–		8,089		8,042
Total	$	7,248	$	6,401	$	2,294	$	4,240	$	9,516	$	415	$	–	$	30,114	$	28,686

Summary of Geographic Distribution of Business and Government Exposures Under the AIRB Approach

The following table provides a geographic distribution of our business and government exposures under the IRB approach, net of collateral held for repo-style transactions.

$ millions, as at October 31, 2025	Canada		U.S.		Europe		Other		Total
Drawn	$	190,240	$	180,725	$	21,839	$	13,601	$	406,405
Undrawn commitments		36,642		23,140		5,683		2,464		67,929
Repo-style transactions		6,161		9,069		4,935		5,417		25,582
Other off-balance sheet		9,876		7,663		1,545		1,010		20,094
OTC derivatives		13,406		4,620		2,808		1,980		22,814
Total	$	256,325	$	225,217	$	36,810	$	24,472	$	542,824
October 31, 2024	$	237,346	$	216,408	$	27,539	$	23,639	$	504,932

(1) Excludes securitization exposures, and exposures under the SA. Substantially all of our retail exposures under the AIRB approach are based in Canada.

(2) Classification by country is primarily based on domicile of debtor or customer.

Summary of Industry-wide Breakdown of Business and Government Exposure

The following table provides an industry-wide breakdown of our business and government exposures under the IRB approach, net of collateral held for repo-style transactions.

			Undrawn		Repo-style		Other off-		OTC		2025		2024
$ millions, as at October 31	Drawn		commitments		transactions		balance sheet		derivatives		Total		Total
Commercial mortgages	$	9,074	$	17	$	–	$	–	$	–	$	9,091	$	7,832
Financial institutions		103,109		13,497		24,028		6,875		13,079		160,588		142,612
Retail and wholesale		13,500		4,411		–		542		354		18,807		17,844
Business services		14,084		4,079		57		1,126		351		19,697		19,299
Manufacturing – capital goods		6,558		2,963		–		494		303		10,318		8,858
Manufacturing – consumer goods		7,184		2,074		–		234		175		9,667		9,281
Real estate and construction		55,825		10,053		–		2,333		627		68,838		65,926
Agriculture		8,938		1,489		–		74		130		10,631		9,934
Oil and gas		2,420		3,580		–		480		1,160		7,640		6,822
Mining		2,059		1,360		–		798		1,375		5,592		4,901
Forest products		722		553		–		169		32		1,476		1,114
Hardware and software		6,050		2,644		114		162		349		9,319		7,382
Telecommunications and cable		3,694		746		–		258		437		5,135		3,896
Publishing, printing and broadcasting		492		118		–		11		19		640		859
Transportation		7,470		3,764		–		498		521		12,253		11,664
Utilities		17,524		9,250		–		5,238		1,643		33,655		30,628
Education, health and social services		10,540		1,827		3		281		153		12,804		12,535
Governments		137,162		5,504		1,380		521		2,106		146,673		143,545
Total	$	406,405	$	67,929	$	25,582	$	20,094	$	22,814	$	542,824	$	504,932

Summary of Credit Quality of Risk-rated Portfolios Exposure

The following table presents the credit quality of our retail portfolios under the IRB approach.

$ millions, as at October 31									2025		2024
	EAD
Risk level	Real estate secured personal lending		Qualifying revolving retail		Other retail		SME retail		Total		Total
Exceptionally low	$	208,494	$	57,310	$	3,603	$	395	$	269,802	$	264,361
Very low		73,973		11,977		3,832		869		90,651		83,228
Low		32,030		15,414		7,201		1,548		56,193		55,896
Medium		16,695		7,840		3,570		990		29,095		28,540
High		1,286		2,589		1,332		189		5,396		4,189
Default		1,034		70		93		64		1,261		957
Total	$	333,512	$	95,200	$	19,631	$	4,055	$	452,398	$	437,171

Summary of Loans Contractually Past Due But Not Impaired

$ millions, as at October 31	31 to 90 days		Over 90 days		2025 Total		2024 Total
Residential mortgages	$	1,239	$	–	$	1,239	$	1,216
Personal		251		–		251		261
Credit card		259		181		440		392
Business and government		327		–		327		226
Total	$	2,076	$	181	$	2,257	$	2,095

Summary of Market Risks by Type of Risks

$ millions, as at or for the year ended October 31								2025										2024
	High		Low		As at			Average			High		Low		As at			Average
Interest rate risk	$	14.2	$	4.1	$	11.8		$	7.9		$	18.7	$	4.6	$	6.3		$	9.2
Credit spread risk		2.9		1.0		1.5			1.7			3.8		1.6		1.9			2.4
Equity risk		15.9		5.0		5.0			9.2			8.4		4.5		6.9			6.0
Foreign exchange risk		3.6		0.5		0.7			1.1			7.3		0.5		0.6			1.3
Commodity risk		9.0		1.1		2.5			3.3			5.2		1.2		1.2			2.8
Diversification effect (1)		n/m		n/m		(12.2	)		(11.8	)		n/m		n/m		(9.4	)		(10.7	)
Total VaR (one-day measure)	$	16.1	$	6.6	$	9.3		$	11.4		$	18.8	$	5.8	$	7.5		$	11.0

(1) Total VaR is less than the sum of the VaR of the different market risk types resulting from a portfolio diversification effect.

n/m Not meaningful. It is not meaningful to compute a diversification effect because the high and low may occur on different days for different risk types.

Summary of Structural Interest Rate Sensitivity - Measures

$ millions (pre-tax), as at October 31				2025									2024
	CAD (1)			USD			Total			CAD (1)			USD			Total
100 basis point increase in interest rates
Increase (decrease) in net interest income	$	137		$	26		$	163		$	159		$	45		$	204
Increase (decrease) in EVE		(1,168	)		(510	)		(1,678	)		(956	)		(400	)		(1,356	)
100 basis point decrease in interest rates
Increase (decrease) in net interest income		(220	)		(29	)		(249	)		(193	)		(49	)		(242	)
Increase (decrease) in EVE		1,025			500			1,525			829			408			1,237

(1) Includes CAD and other currency exposures.

Summary of Amortized Cost and Fair Values of Non-trading Equities

$ millions, as at October 31		Cost		Fair value
2025	Equity securities designated at FVOCI	$	979	$	1,020
	Equity-accounted investments in associates (1)		144		291
	Total	$	1,123	$	1,311
2024	Equity securities designated at FVOCI	$	653	$	672
	Equity-accounted investments in associates (1)		145		253
	Total	$	798	$	925

(1) Excludes our equity-accounted joint ventures. See Note 24 to the consolidated financial statements for further details.

Summary of Encumbered and Unencumbered Assets from On- and Off-Balance Sheet Sources

Encumbered and unencumbered liquid assets from on- and off-balance sheet sources are summarized as follows:

$ millions, as at October 31		Bank owned liquid assets		Securities received as collateral		Total liquid assets		Encumbered liquid assets		Unencumbered liquid assets (1)
2025	Cash and deposits with banks	$	44,003	$	–	$	44,003	$	285	$	43,718
	Securities issued or guaranteed by sovereigns, central banks, and multilateral development banks		188,603		119,484		308,087		167,774		140,313
	Other debt securities		7,273		14,675		21,948		11,065		10,883
	Equities		72,778		44,189		116,967		76,927		40,040
	Canadian government guaranteed National Housing Act mortgage-backed securities		31,690		4,053		35,743		23,275		12,468
	Other liquid assets (2)		20,834		4,616		25,450		10,708		14,742
	Total	$	365,181	$	187,017	$	552,198	$	290,034	$	262,164
2024	Cash and deposits with banks	$	48,064	$	–	$	48,064	$	560	$	47,504
	Securities issued or guaranteed by sovereigns, central banks, and multilateral development banks		178,324		108,499		286,823		146,992		139,831
	Other debt securities		6,093		11,328		17,421		3,696		13,725
	Equities		58,102		33,424		91,526		54,269		37,257
	Canadian government guaranteed National Housing Act mortgage-backed securities		35,155		2,038		37,193		20,263		16,930
	Other liquid assets (2)		16,021		2,849		18,870		8,971		9,899
	Total	$	341,759	$	158,138	$	499,897	$	234,751	$	265,146

(1) Unencumbered liquid assets are defined as on-balance sheet assets, assets borrowed or purchased under resale agreements, and other off-balance sheet collateral received less encumbered liquid assets.

(2) Includes cash pledged as collateral for derivatives transactions, select ABS and precious metals.

Summary of Contractual Maturity Profile of On-Balance Sheet Assets, Liabilities and Equity at their Carrying Values

The following table provides the contractual maturity profile of our on-balance sheet assets, liabilities and equity at their carrying values. Contractual analysis is not representative of our liquidity risk exposure, however this information serves to inform our management of liquidity risk, and provide input when modelling a behavioural balance sheet.

$ millions, as at October 31, 2025	Less than 1 month		1–3 months		3–6 months		6–9 months		9–12 months		1–2 years		2–5 years		Over 5 years		No specified maturity			Total
Assets
Cash and non-interest-bearing deposits with banks (1)	$	12,379	$	–	$	–	$	–	$	–	$	–	$	–	$	–	$	–		$	12,379
Interest-bearing deposits with banks		31,624		–		–		–		–		–		–		–		–			31,624
Securities		15,132		7,574		6,635		6,602		6,755		34,882		73,820		55,038		76,797			283,235
Cash collateral on securities borrowed		21,697		–		–		–		–		–		–		–		–			21,697
Securities purchased under resale agreements		48,191		16,407		11,948		4,711		1,085		4,322		31		–		–			86,695
Loans
Residential mortgages		5,570		11,306		22,139		18,681		30,614		84,232		104,412		10,079		–			287,033
Personal		1,082		439		960		725		627		705		5,004		5,941		32,383			47,866
Credit card		453		906		1,360		1,360		1,360		5,438		10,704		–		–			21,581
Business and government (2)		5,092		9,057		13,280		17,994		13,736		55,665		87,796		22,994		11,802			237,416
Allowance for credit losses		–		–		–		–		–		–		–		–		(4,392	)		(4,392	)
Derivative instruments		1,112		7,349		3,399		2,167		1,829		7,110		8,807		6,579		–			38,352
Other assets		–		–		–		–		–		–		–		–		53,452			53,452
Total assets	$	142,332	$	53,038	$	59,721	$	52,240	$	56,006	$	192,354	$	290,574	$	100,631	$	170,042		$	1,116,938
October 31, 2024 (2)	$	130,008	$	45,680	$	57,993	$	52,094	$	61,184	$	186,218	$	260,975	$	101,546	$	146,287		$	1,041,985
Liabilities
Deposits (3)	$	43,722	$	36,883	$	61,945	$	54,413	$	47,718	$	48,626	$	70,730	$	27,856	$	416,231		$	808,124
Obligations related to securities sold short		24,244		–		–		–		–		–		–		–		–			24,244
Cash collateral on securities lent		6,031		–		–		–		–		–		–		–		–			6,031
Obligations related to securities sold under repurchase agreements		91,742		32,572		1,060		734		934		–		3,000		–		–			130,042
Derivative instruments		2,924		7,635		4,157		3,136		2,333		6,625		4,787		9,814		–			41,411
Other liabilities (2)		21		43		66		70		69		270		633		808		32,874			34,854
Subordinated indebtedness		–		–		–		–		–		–		33		7,786		–			7,819
Equity		–		–		–		–		–		–		–		–		64,413			64,413
Total liabilities and equity	$	168,684	$	77,133	$	67,228	$	58,353	$	51,054	$	55,521	$	79,183	$	46,264	$	513,518		$	1,116,938
October 31, 2024 (2)	$	188,502	$	48,833	$	75,616	$	49,168	$	46,158	$	55,388	$	73,705	$	39,445	$	465,170		$	1,041,985

(1) Cash includes interest-bearing demand deposits with the Bank of Canada.

(2) Includes customers’ liability under acceptances of $10 million (2024: $6 million) in business and government loans and acceptances of $10 million (2024: $6 million) in other liabilities. Prior year amounts have been revised to conform to the presentation adopted in 2025.

(3) Comprises $258.1 billion (2024: $252.9 billion) of personal deposits; $523.3 billion (2024: $492.0 billion) of business and government deposits and secured borrowings; and $26.7 billion (2024: $20.0 billion) of bank deposits.

Summary of Off-Balance Sheet Credit Related Commitments

The following table provides the contractual maturity of notional amounts of credit-related commitments. Since a significant portion of commitments are expected to expire without being drawn upon, the total of the contractual amounts is not representative of future liquidity requirements.

$ millions, as at October 31, 2025	Less than 1 month			1–3 months		3–6 months		6–9 months		9–12 months		1–2 years		2–5 years		Over 5 years		No specified maturity (1)		Total
Unutilized credit commitments	$	2,457		$	9,030	$	5,805	$	8,686	$	7,594	$	25,457	$	92,976	$	5,201	$	263,236	$	420,442
Standby and performance letters of credit		7,414			3,579		4,089		5,071		4,229		896		852		228		–		26,358
Backstop liquidity facilities		56			30,347		66		171		185		369		–		–		–		31,194
Documentary and commercial letters of credit		85			38		20		4		1		–		19		–		–		167
Other		2,667	(2)		–		–		–		–		–		–		–		55		2,722
Total	$	12,679		$	42,994	$	9,980	$	13,932	$	12,009	$	26,722	$	93,847	$	5,429	$	263,291	$	480,883
October 31, 2024	$	18,455		$	35,462	$	8,910	$	11,720	$	12,084	$	26,766	$	77,636	$	3,562	$	245,816	$	440,411

(1) Includes $201.5 billion (2024: $189.6 billion) of personal, home equity and credit card lines, which are unconditionally cancellable at our discretion.

(2) Includes forward-dated securities financing trades.

Summary of Contractual Maturities of Other Contractual Obligations Affecting Our Funding Needs

The following table provides the contractual maturities of other off-balance sheet contractual obligations affecting our funding needs:

$ millions, as at October 31, 2025	Less than 1 month		1–3 months		3–6 months		6–9 months		9–12 months		1–2 years		2–5 years		Over 5 years		Total
Purchase obligations (1)	$	149	$	241	$	270	$	275	$	232	$	566	$	741	$	229	$	2,703
Investment commitments		–		1		12		–		2		9		46		483		553
Future lease commitments (2)		1		4		6		6		7		35		93		421		573
Pension contributions (3)		15		30		45		45		45		–		–		–		180
Underwriting commitments		1,045		–		–		–		–		–		–		–		1,045
Total	$	1,210	$	276	$	333	$	326	$	286	$	610	$	880	$	1,133	$	5,054
October 31, 2024 (2)	$	607	$	263	$	292	$	321	$	279	$	737	$	850	$	1,203	$	4,552

(1) Obligations that are legally binding agreements whereby we agree to purchase products or services with specific minimum or baseline quantities defined at fixed, minimum or variable prices over a specified period of time are defined as purchase obligations. Purchase obligations are included through to the termination date specified in the respective agreements, even if the contract is renewable. Many of the purchase agreements for goods and services include clauses that would allow us to cancel the agreement prior to expiration of the contract within a specific notice period. However, the amount above includes our obligations without regard to such termination clauses (unless actual notice of our intention to terminate the agreement has been communicated to the counterparty). The table excludes purchases of debt and equity instruments that settle within standard market time frames.

(2) Excludes lease obligations that are accounted for under IFRS 16, which are recognized on the consolidated balance sheet, and operating and tax expenses relating to lease commitments. The table includes lease obligations that are not accounted for under IFRS 16, including those related to future starting lease commitments for which we have not yet recognized a lease liability and right-of-use asset.

(3) Includes estimated minimum funding contributions for our funded defined benefit pension plans in Canada, the U.S., the U.K., and the Caribbean. Estimated minimum funding contributions are included only for the next annual period as the minimum contributions are affected by various factors, such as market performance and regulatory requirements, and are therefore subject to significant variability.