TORONTO, April 18, 2018 /CNW/ - Home Capital Group Inc.
("Home Capital" or the "Company") (TSX: HCG) announced today it has
filed updated Consolidated Monthly Balance Sheet data as at
February 28, 2018 with the Office of
the Superintendent of Financial Institutions (OSFI) for its
subsidiary Home Trust Company to principally correct an inadvertent
classification error between insured and uninsured residential
mortgage balances.
Home Trust files certain financial data monthly as required by
OSFI that is available on the OSFI website at
www.osfi-bsif.gc.ca/Eng/wt-ow/Pages/FINDAT-tc.aspx.
The table below compares Home Trust's insured and uninsured
residential mortgage balances as at February
28, 2018 as originally filed with OSFI and as refiled to
correct the classification error:
|
(000's)
|
February 28,
2018
|
|
as
refiled(1)
|
as originally
filed
|
|
Residential -
Insured
|
3,486,444
|
4,559,454
|
|
Residential -
Uninsured
|
9,774,518
|
8,700,906
|
|
Residential
Total
|
13,260,962
|
13,260,360
|
|
1. Refiled figures
are in the process of being updated on the OSFI
website.
|
For illustrative purposes, Home Trust's insured and uninsured
residential mortgage comparative balances as at January 31, 2018 and as at February 28, 2018 (as refiled) are provided
below:
|
(000's)
|
February 28,
2018
|
January 31,
2018
|
|
as
refiled(1)
|
as
filed
|
|
Residential -
Insured
|
3,486,444
|
3,575,371
|
|
Residential -
Uninsured
|
9,774,518
|
9,763,130
|
|
Residential
Total
|
13,260,962
|
13,338,501
|
|
1. Refiled figures
are in the process of being updated on the OSFI
website.
|
About Home Capital Group
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 first 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.