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Loans (Tables)
 12 Months Ended
Oct. 31, 2025
Text Block [Abstract]  
Disclosure of Loans and Receivables
$ millions, as at October 31
                              
2025
                                               2024         
    
Gross
amount
    
Stage 3
allowance
    
Stages 1
and 2
allowance
    
Total
allowance
    
Net
total
    
Allowances
as a % of
gross loans
            Gross
amount		     Stage 3
allowance		     Stages 1
and 2
allowance		     Total
allowance		     Net
total		     Allowances
as a % of
gross loans		  
Residential mortgages
(
3
)
  
$
287,033
 
  
$
306
 
  
$
268
 
  
$
574
 
  
$
286,459
 
  
 
0.2
 % 
     $ 280,672     $ 234     $ 215     $ 449     $ 280,223       0.2  % 
Personal
  
 
47,866
 
  
 
185
 
  
 
971
 
  
 
1,156
 
  
 
46,710
 
  
 
2.4
 
       46,681       190       752       942       45,739       2.0  
Credit card
  
 
21,581
 
  
 
–
 
  
 
942
 
  
 
942
 
  
 
20,639
 
  
 
4.4
 
       20,551       –       902       902       19,649       4.4  
Business and government
(
3
)
(
4
)
  
 
237,416
 
  
 
491
 
  
 
1,229
 
  
 
1,720
 
  
 
235,696
 
  
 
0.7
 
             214,305       392       1,232       1,624       212,681       0.8  
Total
  
$
 593,896
 
  
$
 982
 
  
$
 3,410
 
  
$
 4,392
 
  
$
 589,504
 
  
 
0.7
 % 
           $  562,209     $  816     $  3,101     $  3,917     $  558,292       0.7  % 
 
(1)
Loans are net of unearned income of $1,017 million (2024: $815 million).
(2)
Includes gross loans of $136.5 billion (2024: $120.4 billion) denominated in U.S. dollars and $13.7 billion (2024: $11.2 billion) denominated in other foreign currencies.
(3)
Includes $3 million of residential mortgages (202
4
: $3 million) and $560 million of business and government loans (202
4
: $221 million) that are measured and designated at FVTPL.
(4)
Includes customers’ liability under acceptances of $10 million (2024: $6 million) in business and government loans. Prior year amounts have been revised to conform to the presentation adopted in 2025.
Summary of Allowance for Credit Losses
Allowance for credit losses
The following table provides a reconciliation of the opening balance to the closing balance of the ECL allowance:
 
$ millions, as at or for the year ended October 31
 
  
 
 
2025
 
 
 
Stage 1
 
 
Stage 2
 
 
Stage 3
 
 
 
 
  
 
Collective provision
12-month ECL

performing
 
 
Collective provision
lifetime ECL
performing
 
 
Collective and
individual provision
lifetime ECL
credit-impaired
 
 
Total
 
Residential mortgages
 
 
 
 
Balance at beginning of year
  
$
89
 
   
$
126
 
   
$
234
 
   
$
449
 
Provision for (reversal of) credit losses
           
Originations net of repayments and other derecognitions
(1)
  
 
15
 
   
 
(23
)
   
 
(73
)
   
 
(81
)
Changes in model
  
 
–
 
   
 
–
 
   
 
–
 
   
 
–
 
Net remeasurement
(2)
  
 
(134
)
   
 
176
 
   
 
209
 
   
 
251
 
Transfers
(2)
           
– to
12-month
ECL
  
 
141
 
   
 
(133
)
   
 
(8
)
   
 
–
 
– to lifetime ECL performing
  
 
(10
)
   
 
31
 
   
 
(21
)
   
 
–
 
– to lifetime ECL credit-impaired
  
 
–
 
   
 
(9
)
   
 
9
 
   
 
–
 
Total provision for (reversal of) credit losses
(3)
  
 
12
 
   
 
42
 
   
 
116
 
   
 
170
 
Write-offs
(4)
  
 
–
 
   
 
–
 
   
 
(12
)
   
 
(12
)
Recoveries
  
 
–
 
   
 
–
 
   
 
6
 
   
 
6
 
Interest income on impaired loans
  
 
–
 
   
 
–
 
   
 
(36
)
   
 
(36
)
Foreign exchange and other
  
 
(1
)
   
 
–
 
   
 
(2
)
   
 
(3
)
Balance at end of year
  
$
100
 
   
$
168
 
   
$
306
 
   
$
574
 
Personal
           
Balance at beginning of year
  
$
247
 
   
$
546
 
   
$
190
 
   
$
983
 
Provision for (reversal of) credit losses
           
Originations net of repayments and other derecognitions
(1)
  
 
40
 
   
 
(45
)
   
 
(25
)
   
 
(30
)
Changes in model
  
 
(15
)
   
 
97
 
   
 
–
 
   
 
82
 
Net remeasurement
(2)
  
 
(575
)
   
 
795
 
   
 
484
 
   
 
704
 
Transfers
(2)
           
– to
12-month
ECL
  
 
623
 
   
 
(616
)
   
 
(7
)
   
 
–
 
– to lifetime ECL performing
  
 
(68
)
   
 
90
 
   
 
(22
)
   
 
–
 
– to lifetime ECL credit-impaired
  
 
(4
)
   
 
(70
)
   
 
74
 
   
 
–
 
Total provision for (reversal of) credit losses
(3)
  
 
1
 
   
 
251
 
   
 
504
 
   
 
756
 
Write-offs
(4)
  
 
–
 
   
 
–
 
   
 
(571
)
   
 
(571
)
Recoveries
  
 
–
 
   
 
–
 
   
 
74
 
   
 
74
 
Interest income on impaired loans
  
 
–
 
   
 
–
 
   
 
(8
)
   
 
(8
)
Foreign exchange and other
  
 
(1
)
   
 
6
 
   
 
(4
)
   
 
1
 
Balance at end of year
  
$
247
 
   
$
803
 
   
$
185
 
   
$
1,235
 
Credit card
           
Balance at beginning of year
  
$
295
 
   
$
660
 
   
$
–
 
   
$
955
 
Provision for (reversal of) credit losses
           
Originations net of repayments and other derecognitions
(1)
  
 
36
 
   
 
(33
)
   
 
–
 
   
 
3
 
Changes in model
  
 
(26
)
   
 
32
 
   
 
–
 
   
 
6
 
Net remeasurement
(2)
  
 
(740
)
   
 
1,165
 
   
 
391
 
   
 
816
 
Transfers
(2)
           
– to
12-month
ECL
  
 
846
 
   
 
(846
)
   
 
–
 
   
 
–
 
– to lifetime ECL performing
  
 
(77
)
   
 
77
 
   
 
–
 
   
 
–
 
– to lifetime ECL credit-impaired
  
 
(3
)
   
 
(338
)
   
 
341
 
   
 
–
 
Total provision for (reversal of) credit losses
(3)
  
 
36
 
   
 
57
 
   
 
732
 
   
 
825
 
Write-offs
(4)
  
 
–
 
   
 
–
 
   
 
(884
)
   
 
(884
)
Recoveries
  
 
–
 
   
 
–
 
   
 
152
 
   
 
152
 
Interest income on impaired loans
  
 
–
 
   
 
–
 
   
 
–
 
   
 
–
 
Foreign exchange and other
  
 
–
 
   
 
–
 
   
 
–
 
   
 
–
 
Balance at end of year
  
$
331
 
   
$
717
 
   
$
–
 
   
$
1,048
 
Business and government
           
Balance at beginning of year
  
$
265
 
   
$
1,061
 
   
$
401
 
   
$
1,727
 
Provision for (reversal of) credit losses
           
Originations net of repayments and other derecognitions
(1)
  
 
52
 
   
 
(105
) 
   
 
(66
) 
   
 
(119
)
Changes in model
  
 
79
 
   
 
(81
)
   
 
(4
)
   
 
(6
)
Net remeasurement
(2)
  
 
(63
) 
   
 
340
 
   
 
439
 
   
 
716
 
Transfers
(2)
           
– to
12-month
ECL
  
 
162
 
   
 
(158
)
   
 
(4
)
   
 
–
 
– to lifetime ECL performing
  
 
(48
)
   
 
55
 
   
 
(7
)
   
 
–
 
– to lifetime ECL credit-impaired
  
 
–
 
   
 
(177
)
   
 
177
 
   
 
–
 
Total provision for (reversal of) credit losses
(3)
  
 
182
 
   
 
(126
)
   
 
535
 
   
 
591
 
Write-offs
(4)
  
 
–
 
   
 
–
 
   
 
(409
)
   
 
(409
)
Recoveries
  
 
–
 
   
 
–
 
   
 
54
 
   
 
54
 
Interest income on impaired loans
  
 
–
 
   
 
–
 
   
 
(94
)
   
 
(94
)
Foreign exchange and other
  
 
5
 
   
 
(3
)
   
 
11
 
   
 
13
 
Balance at end of year
  
$
452
 
   
$
932
 
   
$
498
 
   
$
1,882
 
Total ECL allowance
(5)
  
$
  1,130
 
  
$
2,620
 
  
$
989
 
  
$
4,739
 
Comprises:
           
Loans
  
$
  983
 
  
$
  2,427
 
  
$
   982
 
  
$
  4,392
 
Undrawn credit facilities and other
off-balance
sheet exposures
(6)
  
 
147
 
   
 
193
 
   
 
7
 
   
 
347
 
 
(1)
Excludes the disposal and
write-off
of impaired loans.
(2)
Transfers represent stage movements of ECL allowances before net measurement. Net remeasurement represents the current period change in ECL allowances for transfers, net write-offs, changes in forecasts of forward-looking information, parameter updates, and partial repayments in the year.
(3)
Provision for (reversal of) credit losses for loans, and undrawn credit facilities and other
off-balance
sheet exposures is presented as Provision for (reversal of) credit losses on our consolidated statement of income.
(4)
We generally continue to pursue collection on the amounts that were written off. The degree of collection efforts varies from one jurisdiction to another, depending on the local regulations and original agreements with customers.
(5)
See Note 4 for the ECL allowance on debt securities measured at FVOCI and amortized cost. The ECL allowances for other financial assets classified at amortized cost were immaterial as at October 31, 2025 and October 31, 2024 and were excluded from the table above. Financial assets other than loans that are classified at amortized cost are presented on our consolidated balance sheet net of ECL allowances.
(6)
Included in Other liabilities on our consolidated balance sheet.
 
 
$ millions, as at or for the year ended October 31
            2024  
     Stage 1     Stage 2     Stage 3               
      Collective provision
12-month ECL

performing		     Collective provision
lifetime ECL
performing		     Collective and
individual provision
lifetime ECL
credit-impaired
             Total  
Residential mortgages
            
Balance at beginning of year
    $ 90     $ 142     $ 224        $ 456  
Provision for (reversal of) credit losses
            
Originations net of repayments and other derecognitions
(1)
      15       (19 )      (55 )         (59 ) 
Changes in model
      –       4       11          15  
Net remeasurement
(2)
      (115 )      96       95          76  
Transfers
(2)
            
– to
12-month
ECL
      109       (107 )      (2 )         –  
– to lifetime ECL performing
      (10 )      19       (9 )         –  
– to lifetime ECL credit-impaired
      –       (8 )      8                –  
Total provision for (reversal of) credit losses
(3)
      (1 )      (15 )      48          32  
Write-offs
(4)
      –       –       (18 )         (18 ) 
Recoveries
      –       –       7          7  
Interest income on impaired loans
      –       –       (30 )         (30 ) 
Foreign exchange and other
      –       (1 )      3                2  
Balance at end of year
    $ 89     $ 126     $ 234              $ 449  
Personal
            
Balance at beginning of year
    $ 174     $ 709     $ 181        $ 1,064  
Provision for (reversal of) credit losses
            
Originations net of repayments and other derecognitions
(1)
      32       (58 )      (42 )         (68 ) 
Changes in model
      54       (127 )      (6 )         (79 ) 
Net remeasurement
(2)
      (544 )      631       466          553  
Transfers
(2)
            
– to
12-month
ECL
      591       (588 )      (3 )         –  
– to lifetime ECL performing
      (63 )      74       (11 )         –  
– to lifetime ECL credit-impaired
      –       (96 )      96                –  
Total provision for (reversal of) credit losses
(3)
      70       (164 )      500          406  
Write-offs
(4)
      –       –       (545 )         (545 ) 
Recoveries
      –       –       62          62  
Interest income on impaired loans
      –       –       (7 )         (7 ) 
Foreign exchange and other
      3       1       (1 )               3  
Balance at end of year
    $ 247     $ 546     $ 190              $ 983  
Credit card
            
Balance at beginning of year
    $ 181     $ 591     $ –        $ 772  
Provision for (reversal of) credit losses
            
Originations net of repayments and other derecognitions
(1)
      22       (30 )      –          (8 ) 
Changes in model
      86       (34 )      –          52  
Net remeasurement
(2)
      (413 )      771       394          752  
Transfers
(2)
            
– to
12-month
ECL
      491       (491 )      –          –  
– to lifetime ECL performing
      (72 )      72       –          –  
– to lifetime ECL credit-impaired
      –       (219 )      219                –  
Total provision for (reversal of) credit losses
(3)
      114       69       613          796  
Write-offs
(4)
      –       –       (739 )         (739 ) 
Recoveries
      –       –       126          126  
Interest income on impaired loans
      –       –       –          –  
Foreign exchange and other
      –       –       –                –  
Balance at end of year
    $ 295     $ 660     $ –              $ 955  
Business and government
            
Balance at beginning of year
    $ 294     $ 864     $ 667        $ 1,825  
Provision for (reversal of) credit losses
            
Originations net of repayments and other derecognitions
(1)
      22       (82 )      (48 )         (108 ) 
Changes in model
      (28 )      46       –          18  
Net remeasurement
(2)
        (194 )      569       482          857  
Transfers
(2)
            
– to
12-month
ECL
      215       (201 )      (14 )         –  
– to lifetime ECL performing
      (39 )      47       (8 )         –  
– to lifetime ECL credit-impaired
      –         (187 )      187                –  
Total provision for (reversal of) credit losses
(3)
      (24 )      192       599          767  
Write-offs
(4)
      –       –         (874 )         (874 ) 
Recoveries
      –       –       77          77  
Interest income on impaired loans
      –       –       (84 )         (84 ) 
Foreign exchange and other
      (5 )      5       16                16  
Balance at end of year
    $ 265     $ 1,061     $ 401              $ 1,727  
Total ECL allowance
(5)
    $ 896     $   2,393     $ 825              $   4,114  
Comprises:
            
Loans
    $ 800     $ 2,301     $ 816        $ 3,917  
Undrawn credit facilities and other
off-balance
sheet exposures
(6)
      96       92       9                197  
See previous page for footnote references.
 
Summary of Base Case Forecasts for Select Forward Looking Information Variables Used to Estimate our Expected Credit Losses
The following table provides the base case, upside case and downside case scenario forecasts for select forward-looking information variables used to estimate our ECL.
 
    Base case     Upside case     Downside case  
As at October 31, 2025
   Average
value over
the next
12 months		     Average
value over
the remaining
forecast period 
(1)
     Average
value over
the next
12 months		     Average
value over
the remaining
forecast period 
(1)
     Average
value over
the next
12 months		     Average
value over
the remaining
forecast period 
(1)
  
Real GDP year-over-year growth
            
Canada
(2)
  
 
1.1
 % 
  
 
2.0
 % 
  
 
1.7
 % 
  
 
2.4
 % 
  
 
(0.4
)%
  
 
1.1
 
%
United States
  
 
2.0
 % 
  
 
1.8
 % 
  
 
2.8
 % 
  
 
2.8
 % 
  
 
0.7
 % 
  
 
1.0
 % 
Unemployment rate
            
Canada
(2)
  
 
6.8
 % 
  
 
6.1
 % 
  
 
6.4
 % 
  
 
5.5
 % 
  
 
7.4
 % 
  
 
7.0
 % 
United States
  
 
4.4
 % 
  
 
4.1
 % 
  
 
3.9
 % 
  
 
3.5
 % 
  
 
5.0
 % 
  
 
4.6
 % 
Canadian Housing Price Index growth
(2)
  
 
0.8
 % 
  
 
2.7
 % 
  
 
3.9
 % 
  
 
4.7
 % 
  
 
(3.7
)%
  
 
(0.5
)%
Canadian household debt service ratio
  
 
14.6
 % 
  
 
14.7
 % 
  
 
14.3
 % 
  
 
14.4
 % 
  
 
15.2
 % 
  
 
15.6
 % 
West Texas Intermediate Oil Price (US$)
  
$
70
 
  
$
67
 
  
$
74
 
  
$
83
 
  
$
54
 
  
$
58
 
As at October 31, 2024
                                          
Real GDP year-over-year growth
            
Canada
(2)
     1.6  %      2.3  %      2.5  %      2.7  %      0.4  %      1.4  % 
United States
     2.0  %      2.0  %      3.0  %      2.9  %      0.7  %      0.9  % 
Unemployment rate
            
Canada
(2)
     6.6  %      5.9  %      5.7  %      5.2  %      7.2  %      6.8  % 
United States
     4.5  %      4.0  %      3.7  %      3.3  %      5.1  %      4.7  % 
Canadian Housing Price Index growth
(2)
     2.6  %      2.5  %      7.1  %      4.0  %      (2.3 )%      0.9  % 
Canadian household debt service ratio
       14.8  %        14.8  %        14.4  %        14.7  %        15.3  %        15.2  % 
West Texas Intermediate Oil Price (US$)
   $ 78     $ 74     $ 88     $ 100     $ 60     $ 61  
 
(1)
The remaining forecast period is generally four years.
(2)
In our ECL calculation process, Canadian Real GDP year-over-year growth and Canadian unemployment rate are forecasted at the provincial level while Canadian Housing Price Index growth is forecasted at the municipal level. As a result, the forecasts for individual provinces or municipalities reflected in our ECL will differ from the national forecasts presented above.
Summary of Carrying Amount of Loans Based on Internal Risk Rating Grades
The following tables provide the gross carrying amount of loans, and the contractual amounts of undrawn credit facilities and other
off-balance
sheet exposures based on our risk management PD bands for retail exposures, and based on our internal risk ratings for business and government exposures. Refer to the “Credit risk” section of the MD&A for details on the CIBC risk categories.
Loans
(1)
 
$ millions, as at October 31
 
  
 
 
  
 
 
  
 
 
2025
 
 
  
 
 
  
 
 
  
 
 
2024
 
  
 
Stage 1
 
 
Stage 2
 
 
Stage 3 
(2)(3)
 
 
Total
 
 
Stage 1
 
 
Stage 2
 
 
Stage 3
 (2)(3)
 
 
Total
 
Residential mortgages
                
– Exceptionally low
  
$
  171,983
 
  
$
227
 
  
$
–
 
  
$
  172,210
 
   $ 160,515     $ 6,130     $ –     $ 166,645  
– Very low
  
 
85,628
 
  
 
1,171
 
  
 
–
 
  
 
86,799
 
     81,198       5,926       –       87,124  
– Low
  
 
10,987
 
  
 
2,749
 
  
 
–
 
  
 
13,736
 
     10,329       3,638       –       13,967  
– Medium
  
 
1,041
 
  
 
7,071
 
  
 
–
 
  
 
8,112
 
     851       6,534       –       7,385  
– High
  
 
11
 
  
 
1,859
 
  
 
–
 
  
 
1,870
 
     7       1,561       –       1,568  
– Default
  
 
–
 
  
 
–
 
  
 
1,097
 
  
 
1,097
 
     –       –       790       790  
– Not rated
  
 
2,808
 
  
 
183
 
  
 
218
 
  
 
3,209
 
     2,757       232       204       3,193  
Gross residential mortgages
(4)(5)
  
 
272,458
 
  
 
13,260
 
  
 
1,315
 
  
 
287,033
 
     255,657       24,021       994       280,672  
ECL allowance
  
 
100
 
  
 
168
 
  
 
306
 
  
 
574
 
     89       126       234       449  
Net residential mortgages
  
 
272,358
 
  
 
13,092
 
  
 
1,009
 
  
 
286,459
 
     255,568       23,895       760       280,223  
Personal
                
– Exceptionally low
  
 
18,316
 
  
 
136
 
  
 
–
 
  
 
18,452
 
     16,689       83       –       16,772  
– Very low
  
 
10,794
 
  
 
324
 
  
 
–
 
  
 
11,118
 
     9,685       12       –       9,697  
– Low
  
 
6,404
 
  
 
2,104
 
  
 
–
 
  
 
8,508
 
     10,498       1,374       –       11,872  
– Medium
  
 
4,502
 
  
 
2,506
 
  
 
–
 
  
 
7,008
 
     3,848       1,822       –       5,670  
– High
  
 
759
 
  
 
922
 
  
 
–
 
  
 
1,681
 
     465       1,102       –       1,567  
– Default
  
 
–
 
  
 
–
 
  
 
253
 
  
 
253
 
     –       –       260       260  
– Not rated
  
 
779
 
  
 
30
 
  
 
37
 
  
 
846
 
     782       29       32       843  
Gross personal
(5)
  
 
41,554
 
  
 
6,022
 
  
 
290
 
  
 
47,866
 
     41,967       4,422       292       46,681  
ECL allowance
  
 
222
 
  
 
749
 
  
 
185
 
  
 
1,156
 
     221       531       190       942  
Net personal
  
 
41,332
 
  
 
5,273
 
  
 
105
 
  
 
46,710
 
     41,746       3,891       102       45,739  
Credit card
                
– Exceptionally low
  
 
7,117
 
  
 
–
 
  
 
–
 
  
 
7,117
 
     7,185       –       –       7,185  
– Very low
  
 
443
 
  
 
–
 
  
 
–
 
  
 
443
 
     502       –       –       502  
– Low
  
 
6,727
 
  
 
380
 
  
 
–
 
  
 
7,107
 
     6,800       4       –       6,804  
– Medium
  
 
5,008
 
  
 
1,116
 
  
 
–
 
  
 
6,124
 
     3,853       1,512       –       5,365  
– High
  
 
6
 
  
 
594
 
  
 
–
 
  
 
600
 
     2       522       –       524  
– Default
  
 
–
 
  
 
–
 
  
 
–
 
  
 
–
 
     –       –       –       –  
– Not rated
  
 
184
 
  
 
6
 
  
 
–
 
  
 
190
 
     165       6       –       171  
Gross credit card
  
 
19,485
 
  
 
2,096
 
  
 
–
 
  
 
21,581
 
     18,507       2,044       –       20,551  
ECL allowance
  
 
302
 
  
 
640
 
  
 
–
 
  
 
942
 
     279       623       –       902  
Net credit card
  
 
19,183
 
  
 
1,456
 
  
 
–
 
  
 
20,639
 
     18,228       1,421       –       19,649  
Business and government
                
– Investment grade
  
 
119,315
 
  
 
875
 
  
 
–
 
  
 
120,190
 
     101,809       722       –       102,531  
– Non-investment grade
  
 
102,145
 
  
 
8,807
 
  
 
–
 
  
 
110,952
 
     97,131       9,000       –       106,131  
– Watch list
  
 
61
 
  
 
3,901
 
  
 
–
 
  
 
3,962
 
     25       3,745       –       3,770  
– Default
  
 
–
 
  
 
–
 
  
 
2,031
 
  
 
2,031
 
     –       –       1,628       1,628  
– Not rated
  
 
269
 
  
 
12
 
  
 
–
 
  
 
281
 
     230       15       –       245  
Gross business and government
(4)(6)
  
 
221,790
 
  
 
13,595
 
  
 
2,031
 
  
 
237,416
 
     199,195       13,482       1,628       214,305  
ECL allowance
  
 
359
 
  
 
870
 
  
 
491
 
  
 
1,720
 
     211       1,021       392       1,624  
Net business and government
  
 
221,431
 
  
 
12,725
 
  
 
1,540
 
  
 
235,696
 
     198,984       12,461       1,236       212,681  
Total net amount of loans
  
$
554,304
 
  
$
  32,546
 
  
$
  2,654
 
  
$
589,504
 
   $   514,526     $   41,668     $   2,098     $   558,292  
 
(1)
The table excludes debt securities measured at FVOCI, for which ECL allowances of $23 million (2024: $
19
million) were recognized in AOCI. In addition, the table excludes debt securities classified at amortized cost, for which ECL allowances of $52 million were recognized as at October 31, 2025 (2024: $17 million). Other financial assets classified at amortized cost were also excluded from the table above as their ECL allowances were immaterial as at October 31, 2025 and October 31, 2024. Financial assets other than loans that are classified as amortized cost are presented on our consolidated balance sheet net of ECL allowances.
(2)
Excludes foreclosed assets of $2 million (2024: $8 million), which were included in Other assets on our consolidated balance sheet.
(3)
As at October 31, 2025, 92% (2024: 93%) of stage 3 impaired loans were either fully or partially collateralized.
(4)
Includes $3 million (2024: $3 million) of residential mortgages and $560 million (2024: $221 million) of business and government loans that are measured and designated at FVTPL.
(5)
The internal risk rating grades presented for residential mortgages and certain personal loans do not take into account loan guarantees or insurance issued by the Canadian government (federal or provincial), Canadian government agencies, or private insurers, as the determination of whether a SICR has occurred for these loans is based on relative changes in the loans’ lifetime PD without considering collateral or other credit enhancements.
(6)
Includes customers’ liability under acceptances of $10 million (2024: $6 million).
 
 
Undrawn credit facilities and other
off-balance
sheet exposures

 
$ millions, as at October 31
  
  
 
  
  
 
  
  
 
  
2025
 
  
  
 
  
  
 
  
  
 
  
2024
 
  
  
Stage 1
 
  
Stage 2
 
  
Stage 3
 
  
Total
 
  
Stage 1
 
  
Stage 2
 
  
Stage 3
 
  
Total
 
Retail
                        
– Exceptionally low
   
$
176,040
 
   
$
190
 
   
$
–
 
   
$
176,230
 
    $ 164,577      $ 117      $ –      $ 164,694  
– Very low
   
 
14,237
 
   
 
572
 
   
 
–
 
   
 
14,809
 
      15,112        4        –        15,116  
– Low
   
 
14,867
 
   
 
1,705
 
   
 
–
 
   
 
16,572
 
      14,988        984        –        15,972  
– Medium
   
 
2,449
 
   
 
1,508
 
   
 
–
 
   
 
3,957
 
      2,263        1,280        –        3,543  
– High
   
 
545
 
   
 
422
 
   
 
–
 
   
 
967
 
      325        539        –        864  
– Default
   
 
–
 
   
 
–
 
   
 
46
 
   
 
46
 
      –        –        43        43  
– Not rated
   
 
620
 
   
 
8
 
   
 
–
 
   
 
628
 
      565        9        –        574  
Gross retail
   
 
208,758
 
   
 
4,405
 
   
 
46
 
   
 
213,209
 
      197,830        2,933        43        200,806  
ECL allowance
   
 
54
 
   
 
131
 
   
 
–
 
   
 
185
 
      42        52        –        94  
Net retail
   
 
208,704
 
   
 
4,274
 
   
 
46
 
   
 
213,024
 
      197,788        2,881        43        200,712  
Business and government
                        
– Investment grade
   
 
179,496
 
   
 
579
 
   
 
–
 
   
 
180,075
 
      156,560        571        –        157,131  
– Non-investment grade
   
 
79,909
 
   
 
2,659
 
   
 
–
 
   
 
82,568
 
      66,788        3,018        –        69,806  
– Watch list
   
 
57
 
   
 
1,046
 
   
 
–
 
   
 
1,103
 
      28        878        –        906  
– Default
   
 
–
 
   
 
–
 
   
 
217
 
   
 
217
 
      –        –        123        123  
– Not rated
   
 
947
 
   
 
42
 
   
 
–
 
   
 
989
 
      1,117        91        –        1,208  
Gross business and government
   
 
260,409
 
   
 
4,326
 
   
 
217
 
   
 
264,952
 
      224,493        4,558        123        229,174  
ECL allowance
   
 
93
 
   
 
62
 
   
 
7
 
   
 
162
 
      54        40        9        103  
Net business and government
   
 
260,316
 
   
 
4,264
 
   
 
210
 
   
 
264,790
 
      224,439        4,518        114        229,071  
Total net undrawn credit facilities and other
off-balance
sheet exposures
   
$
  469,020
 
   
$
  8,538
 
   
$
  256
 
   
$
  477,814
 
    $   422,227      $   7,399      $   157      $   429,783