Canada NewsWire
TORONTO, May 16, 2017
TORONTO, May 16, 2017 /CNW/ - Home Capital Group Inc.
("The Company" TSX: HCG) today provided an update on the Company's liquidity position as of Monday May 15,
2017. The Company continues to maintain sufficient aggregate liquidity and credit capacity.
- Aggregate available liquidity and credit capacity of approximately $1.48 billion including
the undrawn amount of $600 million under the Company's $2.0 billion
credit facility.
- Home Trust High Interest Savings Account (HISA) deposit balances stood at approximately $121
million.
- Total Guaranteed Investment Certificate (GIC) deposits, including Oaken and broker GICs, stood at approximately
$12.38 billion and Oaken savings accounts stood at approximately $146
million.
AGGREGATE LIQUIDITY AND CREDIT CAPACTIY AND DEPOSIT BALANCES
|
Aggregate Liquidity
and Credit Capacity
(C$ billions)
|
HISA
(C$ millions)
|
Oaken Savings
(C$ millions)
|
GIC
(C$ millions)
|
*GICs in a cashable
position
(C$ millions)
|
May 15
|
$1.48
|
$120.9
|
$146.1
|
$12,382.4
|
$160
|
May 12
|
$1.51
|
$125.4
|
$150.5
|
$12,438.3
|
$167
|
May 11
|
$1.56
|
$125.5
|
$153.6
|
$12,485.9
|
$198
|
May 10
|
$1.61
|
$129.1
|
$155.2
|
$12,517.7
|
$202
|
May 9
|
$1.60
|
$134.2
|
$155.4
|
$12,539.3
|
$209
|
May 8
|
$1.71
|
$146.9
|
$158.7
|
$12,583.3
|
$228
|
May 5
|
$1.75
|
$193.4
|
$166.7
|
$12,636.3
|
$237
|
May 4
|
$1.78
|
$220.3
|
$171.0
|
$12,669.6
|
$244
|
May 3
|
$1.79
|
$242.8
|
$180.9
|
$12,701.8
|
$260
|
May 2
|
$1.97
|
$270.2
|
$185.4
|
$12,728.7
|
$274
|
May 1
|
$1.99
|
$324.1
|
$194.2
|
$12,749.1
|
$288
|
*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.
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