Lending Practices
FN-MF-270a.3
Total amount of monetary losses as a result of legal proceedings associated with communications to customers or remuneration of loan originators
We provide disclosure regarding material legal proceedings to which CWB is party, if any, on page 99 of our 2022 Annual Report (Note 17 - Contingent Liabilities and Commitments). We do not expect outcomes of any legal proceedings, individually or in aggregate, to have a material effect on the consolidated financial position or the results of our operations.
Discriminatory Lending
FN-MF-270b.1
Refer to page 13 of our Q4 2022 Supplemental Financial Information for information about average LTVs of newly originated or acquired uninsured residential mortgages. We do not disclose the value or number of mortgages issued to minority borrowers or by credit score.
(1) Number, (2) value, and (3) weighted average Loan-to- Value (LTV) ratio of mortgages issued to (a) minority and (b) all other borrowers, by FICO scores above and below 660 Total amount of monetary losses as a result of legal proceedings associated with discriminatory mortgage lending
FN-MF-270b.2
We provide disclosure regarding material legal proceedings to which CWB is party, if any, on page 99 of our 2022 Annual Report (Note 17 - Contingent Liabilities and Commitments). We do not expect outcomes of any legal proceedings, individually or in aggregate, to have a material effect on the consolidated financial position or the results of our operations. We do not tolerate any form of discrimination, which is in violation of our Code of Conduct. Refer to the Business ethics and integrity and Fair advice to clients and responsible sales practices sections on pages 15 and 24 of this report, respectively, for more information.
FN-MF-270b.3
Description of policies and procedures for ensuring non-discriminatory mortgage origination
72 2022 SUSTAINABILITY REPORT AND PUBLIC ACCOUNTABILITY STATEMENT
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