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  5. BMO: CM reported a low provision for estimated loan loss, while BMO reported a higher provision. [Bank of Montreal]

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Q: CM reported a low provision for estimated loan loss, while BMO reported a higher provision. My question is do all Canadian banks follow the same criteria to determine if a specific loan is bad? If not the same criteria, the amount of provision is quite subjective.
Asked by Liping on December 11, 2024
5i Research Answer:
The Canadian banks generally follow similar regulatory frameworks for loan loss provisions, as...
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