XML 109 R46.htm IDEA: XBRL DOCUMENT
v3.25.3

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 |

X
- Definition Disclosure of base case forecasts for select forward-looking information variables used to estimate our expected credit losses explanatory. + References No definition available. + Details
Name: | cm_DisclosureOfBaseCaseForecastsForSelectForwardLookingInformationVariablesUsedToEstimateOurExpectedCreditLossesExplanatory
Namespace Prefix: | cm_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of carrying amount of loans and undrawns based on internal risk rating grades. + References No definition available. + Details
Name: | cm_DisclosureOfCarryingAmountOfLoansAndUndrawnsBasedOnInternalRiskRatingGradesExplanatory
Namespace Prefix: | cm_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of detailed information about loans explanatory . + References No definition available. + Details
Name: | cm_DisclosureofdetailedinformationaboutloansexplanatoryTableTextBlock
Namespace Prefix: | cm_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Text block [abstract] + References No definition available. + Details
Name: | cm_TextBlockAbstract
Namespace Prefix: | cm_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the allowance relating to impairments of financial assets due to credit losses. [Refer: Financial assets] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_10_e&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfAllowanceForCreditLossesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration