Over the past two years, net write-offs among Canada’s Big 6 banks have increased, but they remain in solid financial shape.
Q3 2024 Highlights:
🏅 Top Performer: RBC Royal Bank
Excluding National Bank, RBC has the lowest net write-off rate at 0.22%. Additionally, its net interest margin (NIM) income is 1.59%, the highest among the Big 6, excluding TD. RBC's NIM is significantly higher than National Bank’s, which stands at 0.72%.
🚩 Last Place: Scotiabank
Scotiabank has the highest net write-off rate at 0.54%. Its NIM for interest-bearing assets is 1.48%, which is fairly average.
🔒 Most Risk-Averse: National Bank
With a net write-off of just 0.11% in the last quarter, and an average of 0.13% over the past two years, National Bank remains the most risk-averse among the Big 6.
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