TORONTO, June 15, 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
14, 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 $104
million.
- Total Guaranteed Investment Certificate (GIC) deposits,
including Oaken and broker GICS, stood at approximately
$12.06 billion and Oaken savings
accounts stood at approximately $140
million.
AGGREGATE LIQUIDITY AND CREDIT CAPACITY AND DEPOSIT
BALANCES
|
Aggregate
Liquidity
and Credit Capacity (C$ billions)
|
HISA
(C$
millions)
|
Oaken
Savings
(C$
millions)
|
GIC
(C$
millions)
|
*GICS in a
cashable
position
(C$ millions)
|
June 14
|
$1.11
|
$103.9
|
$139.7
|
$12,059.6
|
$136
|
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
|
*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.