We care about your safety and well-being. “We are confident both in the capacity of our people and in the strength of our financial resources. The Company uses a number of financial measures to assess its performance.
Updated forward-looking macroeconomic assumptions have been incorporated into the models used in the Company’s expected credit loss estimation process.
After submitting your request, you will receive an activation email to the requested email address. These assumptions are discussed in greater detail in the Company’s 2019 Annual Report.
2 Home Capital Group Inc. A MESSAGE FROM OUR CHAIR Dear Fellow Shareholders, If the events of 2017 taught us one lesson, it was that in our business, reputation is paramount.
I hope you will spend some time exploring the information and stories we have included here. Some of these measures are not calculated in accordance with GAAP, are not defined by GAAP, and do not have standardized meanings that would ensure consistency and comparability between companies using these measures. Licensed to conduct business across Canada, we have offices in Ontario, Alberta, British Columbia, Nova Scotia, Quebec and Manitoba. Any changes in forward-looking information subsequent to June 30, 2020 will be reflected in the measurement of ECL in future quarters as appropriate. We are ready to grow. The Company has adopted IFRS as its accounting framework. The full extent of the impact that COVID-19, including government and/or regulatory responses to the outbreak, will have on the Canadian economy and the Company’s business remains uncertain and difficult to predict.
The Company does not undertake to update any forward-looking statements, whether written or verbal, that may be made from time to time by it or on its behalf, except as required by securities laws.
IFRS are the generally accepted accounting principles (GAAP) for Canadian publicly accountable enterprises. In 2019, Home Capital was driven by its purpose – helping our customers build their financial future. In determining expectations for economic growth, both broadly and in the financial services sector, the Company primarily considers historical and forecasted economic data provided by the Canadian government and its agencies and other third-party providers.
From time to time Home Capital Group Inc. makes written and verbal forward-looking statements. After submitting your request, you will receive an activation email to the requested email address. Since that date, forecasts around the impact of COVID-19 on the economy and the timing of recovery have continued to evolve. We provisioned the equipment and technology resources that would allow full Virtual Private Network access to remain fully operational and maintain the security and privacy of client data.Our Leadership Team is in regular communication with their departments and with each other to make sure the needs of our people are addressed. This press release should be read in conjunction with the Company’s 2020 Second Quarter Report including Financial Statements and Management’s Discussion and Analysis which are available on Home Capital’s website at “Today we are reporting year-over-year growth in our originations, our earnings and our return on equity,” said Yousry Bissada, Chief Executive Officer. Click the button below to request a report when hardcopies become … Assumptions about the performance of the Canadian economy in 2020 and its effect on Home Capital’s business are material factors the Company considers when setting strategic priorities and outlook.
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