Loan Portfolio Growth
Loans under management increased 3% sequentially and 10% year-over-year to approximately $74 billion. Combined with administrative assets, it reached a new record of $137 billion, up 9% year-over-year.
Commercial Lending Strength
CMHC-insured multi-unit residential loans under management grew 8% sequentially and 30% year-over-year to $31.4 billion.
EQ Bank Customer Growth
EQ Bank added 26,000 new customers, a gain of 21% year-over-year, with deposits reaching $9.7 billion, growing at the fastest sequential rate in the last three years.
Record Decumulation Lending Portfolio
Decumulation lending portfolio reached a record of $2.7 billion, up 8% sequentially and 41% year-over-year.
Strategic Leadership Appointments
Chadwick Westlake appointed as President and CEO, and Anilisa Sainani as the new CFO, signaling a new era for EQB leadership.