TORONTO, June 2, 2017 /CNW/ - Home Capital Group
Inc. ("The Company" TSX: HCG) today reported it continues to
maintain sufficient aggregate liquidity and credit capacity and
provided an update on its current position as of June 1, 2017.
Liquidity and Deposit Update
- Aggregate available liquidity and credit capacity stood at
approximately $1.11 billion including
the undrawn amount of $350 million
under the Company's $2.0 billion
credit facility.
- Home Trust High Interest Savings Account (HISA) deposit
balances stood at approximately $108
million.
- Total Guaranteed Investment Certificate (GIC) deposits,
including Oaken and broker GICS, stood at approximately
$12.20 billion and Oaken savings
accounts stood at approximately $142
million.
AGGREGATE LIQUIDITY AND CREDIT CAPACITY AND DEPOSIT
BALANCES
|
Aggregate Liquidity
and Credit Capacity (C$
billions)
|
HISA
(C$ millions)
|
Oaken Savings
(C$ millions)
|
GIC
(C$ millions)
|
*GICS in a cashable
position
(C$ millions)
|
June 1
|
$1.11
|
$107.8
|
$142.1
|
$12,196.7
|
$144
|
May 31
|
$1.10
|
$107.9
|
$141.0
|
$12,211.5
|
$142
|
May 30
|
$1.08
|
$108.4
|
$142.4
|
$12,202.7
|
$141
|
May 29
|
$1.09
|
$109.1
|
$141.8
|
$12,208.4
|
$145
|
May 26
|
$1.07
|
$109.7
|
$142.1
|
$12,260.0
|
$142
|
May 25
|
$1.07
|
$110.6
|
$144.3
|
$12,277.7
|
$145
|
May 24
|
$1.11
|
$111.4
|
$143.2
|
$12,300.5
|
$148
|
May 23
|
$1.14
|
$113.3
|
$145.3
|
$12,296.3
|
$145
|
May 22
|
$1.46
|
$115.0
|
$144.3
|
$12,332.8
|
$144
|
May 19
|
$1.46
|
$115.0
|
$146.1
|
$12,330.4
|
$144
|
May 18
|
$1.47
|
$116.2
|
$145.8
|
$12,339.7
|
$144
|
*GICS in a cashable position are included in the total GIC
deposit balances reported daily.
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 the 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.