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CIBC expects increased loan loss provisions going forward

Published 2016-02-25, 08:48 a/m
© Reuters.  CIBC expects increased loan loss provisions going forward
CM
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TORONTO, Feb 25 (Reuters) - Canadian Imperial Bank of
Commerce CM.TO expects to see increased loan loss provisions
going forward as the slump in oil prices impacts energy clients,
Chief Risk Officer Laura Dottori-Attanasio said.
"We are seeing this quarter a lot of downgrades in the oil &
gas space, an increase in delinquencies. Our expectation would
be to see increased loan loss provisions on a go forward basis,"
she told analysts on a conference call.

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