TORONTO, June 30, 2017 /CNW/ - Home Capital Group Inc.
("The Company" TSX: HCG) today reported its aggregate liquidity and
credit capacity position as of June 29,
2017.
The Company also reported it has received proceeds of
approximately $129 million in
connection with the closing of the sale of certain commercial
mortgages previously announced.
The completion of these commercial mortgages, and other recent
transactions, coupled with the recent strength reported in deposit
taking, has significantly improved the Company's liquidity
position. As such, the Company will cease reporting its daily
liquidity position. The Company will report the next liquidity
update on July 17, 2017.
Liquidity and Deposit Update
- Aggregate available liquidity and credit capacity stood at
approximately $1.53 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 $114
million.
- Total Guaranteed Investment Certificate (GIC) deposits,
including Oaken and broker GICS, stood at approximately
$12.15 billion and Oaken savings
accounts stood at approximately $157
million.
AGGREGATE LIQUIDITY AND CREDIT CAPACITY AND DEPOSIT
BALANCES
|
Aggregate
Liquidity and Credit Capacity
(C$
billions)
|
HISA
(C$
millions)
|
Oaken
Savings
(C$
millions)
|
GIC
(C$
millions)
|
*GICS in a
cashable position
(C$ millions)
|
|
June 29
|
$1.53
|
$114.2
|
$156.9
|
$12,151.2
|
$146
|
|
June 28
|
$1.51
|
$112.8
|
$154.3
|
$12,127.7
|
$145
|
|
June 27
|
$1.48
|
$112.1
|
$151.0
|
$12,110.0
|
$145
|
|
June 26
|
$1.43
|
$111.8
|
$150.9
|
$12,083.5
|
$145
|
|
June 23
|
$1.36
|
$111.9
|
$151.1
|
$12,065.0
|
$143
|
|
June 22
|
$1.23
|
$112.1
|
$145.8
|
$12,038.7
|
$141
|
|
June 21
|
$1.25
|
$111.8
|
$141.8
|
$12,025.7
|
$141
|
|
June 20
|
$1.23
|
$111.8
|
$141.9
|
$12,017.5
|
$142
|
|
June 19
|
$1.14
|
$112.3
|
$142.8
|
$12,013.3
|
$143
|
|
June 16
|
$1.10
|
$98.5
|
$141.7
|
$12,032.2
|
$141
|
*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.