TORONTO,
June 14, 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 13, 2017.
Liquidity and Deposit Update
AGGREGATE LIQUIDITY AND CREDIT CAPACITY AND DEPOSIT
BALANCES
- Aggregate available liquidity and credit capacity stood
at approximately $1.12 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 $104
million.
- Total Guaranteed Investment Certificate (GIC) deposits,
including Oaken and broker GICS, stood at approximately
$12.05 billion and Oaken savings
accounts stood at approximately $139
million.
|
Aggregate Liquidity
and Credit Capacity (C$
billions)
|
HISA
(C$ millions)
|
Oaken Savings
(C$ millions)
|
GIC
(C$ millions)
|
*GICS in a cashable
position
(C$ millions)
|
June 13
|
$1.12
|
$104.4
|
$139.4
|
$12,051.2
|
$137
|
June 12
|
$1.12
|
$104.6
|
$141.3
|
$12,052.5
|
$141
|
June 9
|
$1.06
|
$105.0
|
$142.8
|
$12,094.7
|
$140
|
June 8
|
$1.06
|
$105.5
|
$143.6
|
$12,110.6
|
$140
|
June 7
|
$1.10
|
$105.9
|
$143.3
|
$12,117.2
|
$140
|
June 6
|
$1.10
|
$106.3
|
$143.9
|
$12,125.8
|
$141
|
June 5
|
$1.09
|
$107.1
|
$142.7
|
$12,128.5
|
$142
|
June 2
|
$1.06
|
$107.7
|
$142.3
|
$12,180.7
|
$144
|
June 1
|
$1.11
|
$107.8
|
$142.1
|
$12,196.7
|
$144
|
May 31
|
$1.10
|
$107.9
|
$141.0
|
$12,211.5
|
$142
|
*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.