TORONTO, Aug. 2, 2017 /CNW/ - Home Capital Group Inc.
("Home Capital" or "the Company") (TSX: HCG) today reported its
aggregate liquidity and credit capacity position as of August 1 and also provided an update on its
deposit inflows.
Liquidity and Deposit Update
- Aggregate available liquidity and credit capacity stood at
approximately $3.94 billion including
an undrawn $2.0 billion credit
facility with Berkshire Hathaway. The reported liquidity
position includes approximately $153
million in proceeds received from the initial equity
investment by Berkshire Hathaway.
- Deposit inflows returned to historical averages. Deposits
continue to be sourced through the deposit broker channel and
Oaken, a direct to consumer channel.
- Home Trust High Interest Savings Account (HISA) deposit
balances stood at approximately $126
million.
- Total Guaranteed Investment Certificate (GIC) deposits,
including Oaken and broker GICs, stood at approximately
$12.48 billion and Oaken savings
accounts stood at approximately $186
million.
AGGREGATE LIQUIDITY AND CREDIT CAPACITY AND DEPOSIT
BALANCES
|
Aggregate
Liquidity
and Credit Capacity
(C$ billions)
|
HISA
(C$ millions)
|
Oaken
Savings
(C$
millions)
|
GIC
(C$
millions)
|
*GICs in a
cashable
position
(C$ millions)
|
|
Aug 1
|
$3.94
|
$126
|
$186
|
$12,482
|
$147
|
|
July 14
|
$2.57
|
$104
|
$165
|
$12,274
|
$150
|
|
June 29
|
$1.53
|
$114
|
$157
|
$12,151
|
$146
|
*GICS in a cashable position are included in the total GIC
deposit balances reported daily.
2017 AVERAGE DAILY GROSS GIC DEPOSITS FOR THE WEEKS
ENDED
($) MILLIONS
|
July 28
|
$38
|
May 12
|
$4
|
|
July 21
|
$46
|
May 5
|
$5
|
|
July 14
|
$37
|
April 28
|
$16
|
|
July 7
|
$38
|
April 21
|
$32
|
|
June 30
|
$57
|
April 14
|
$30
|
|
June 23
|
$38
|
April 7
|
$29
|
|
June 16
|
$25
|
March 31
|
$25
|
|
June 9
|
$22
|
March 24
|
$30
|
|
June 2
|
$16
|
March 17
|
$38
|
|
May 26
|
$17
|
March 10
|
$38
|
|
May 19
|
$8
|
March 3
|
$41
|
Home Trust and Home Bank are members of CDIC. Deposits
with each are separately eligible for CDIC coverage up to
applicable limits.
Caution Regarding Forward-looking Statements
This press release contains forward-looking information within
the meaning of applicable Canadian securities legislation. Please
refer to Home Capital's 2016 Annual Report, available on Home
Capital's website at www.homecapital.com, and on the Canadian
Securities Administrators' website at www.sedar.com, for Home
Capital's Caution Regarding Forward-looking Statements.
About Home Capital Group Inc.
Home Capital Group Inc. is a public company, traded on the Toronto
Stock Exchange (HCG), operating through its principal subsidiary,
Home Trust Company. Home Trust is a federally regulated trust
company offering residential and non-residential mortgage lending,
securitization of insured residential mortgage products, consumer
lending and credit card services. In addition, Home Trust offers
deposits via brokers and financial planners, and through its direct
to consumer deposit brand, Oaken Financial. Home Trust also
conducts business through its wholly owned subsidiary, Home Bank.
Licensed to conduct business across Canada, Home Trust has offices in Ontario, Alberta, British
Columbia, Nova Scotia,
Quebec and Manitoba.
SOURCE Home Capital Group Inc.