Table 25 - Risk-Weighted Assets ($ thousands)
Cash, Securities and Resale Agreements
Risk- Weighted Assets
Other Items
Loans
Total
Corporate Sovereign
$
-
$
23,369,672
$
- - - - - - - -
$
23,369,672
$ 23,262,046
4,336,608
16,941
4,353,549
3,388
Bank
100,630 190,238
4,479
105,109
24,605
Retail residential mortgages
7,115,548
7,305,786
1,992,858
Other retail Excluding small business entities
- - - - - - -
140,398
140,398
97,604
Small business entities
5,320,304
5,320,304
4,009,523
Equity
10,305
10,305
10,305
Undrawn commitments
546,553
546,553 143,279
546,631
Operational risk
- -
143,279
1,790,993
Derivative exposures
19,059
19,059
9,881
Other
230,759
949,655
1,180,414
670,166
As at October 31, 2022
$
4,627,476
$
36,754,959
$
1,111,993
$
42,494,428
$ 32,418,000
As at October 31, 2021
$
3,725,667
$
33,573,547
$
930,493
$
38,229,707
$ 29,500,491
Table 26 - Risk-Weighting Category ($ thousands)
150% and greater
0%
20%
35%
50%
75%
100%
Balance
Weighted
Corporate
$
138,383 $
2,018 $
- $
- $
- $ 23,164,526 $
64,745 $ 23,369,672 $ 23,262,046
Sovereign
4,336,608
16,941
- -
- - -
- -
-
- -
4,353,549
3,388
Bank
-
100,630
4,479
105,109
24,605
Retail residential mortgages
1,663,596
-
5,606,072
23,171
12,132
815
7,305,786
1,992,858
Other retail
Excluding small business entities
10,112 35,151
205
- - - - - - -
- - - - - - -
130,078
-
3
140,398
97,604
Small business entities
1,389
5,190,675
46,790 10,305 546,396
46,299
5,320,304
4,009,523
Equity
- - - -
- - -
- - -
-
10,305
10,305
Undrawn commitments
157
546,553 143,279
546,631
Operational risk
- -
143,279
1,790,993
Derivative exposures
18,564
1
494
19,059
9,881
Other
553,204
7,922
59,374
517,610
42,304
1,180,414
670,166
As at October 31, 2022
$ 6,737,054 $
147,669 $ 5,606,072 $
- $ 5,403,299 $ 24,302,238 $
298,096 $ 42,494,428 $ 32,418,000
As at October 31, 2021
$
5,742,447 $
175,113 $ 5,030,099 $
- $ 5,052,422 $ 21,896,363 $
333,263 $ 38,229,707 $ 29,500,491
AIRB TRANSITION UPDATE
We have materially completed the development of revised AIRB tools, incorporating targeted enhancements and the final 2023 CAR guidelines. Next year, we will commence integration of our revised AIRB tools into our business processes and data. Once our AIRB tools have been successfully implemented across the business, we will operate them for a sufficient period of time to support a successful resubmission of our application. Our transition to the AIRB approach for regulatory capital purposes is one of our key strategic priorities, as it will support our long-term growth and diversification aspirations with a sustainable and scalable operating model. Measuring our credit risk using an AIRB approach is expected to boost our capital ratios, as risk-weighted assets will be calculated more accurately using risk-sensitive models that reflect our strong underwriting track record. This will put us on more equal footing with our large bank competitors and allow us to enhance return on capital. Our historically strong credit performance will be elevated through use of our new tools and processes by leveraging better analytical information to identify high-quality lending opportunities through improved risk-based pricing capabilities and broaden our addressable market.
BOOK VALUE PER COMMON SHARE
Book value per common share at October 31, 2022 of $33.48 was up 1% from $33.10 last year. Compared to last year, the increase primarily reflects sustained common shareholders’ net income generation partially offset by a decline in AOCI and an increase in common shares outstanding.
38 | CWB Financial Group 2022 Annual Report
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