For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230830:nRSd7230Ka&default-theme=true
RNS Number : 7230K Bank of Montreal 29 August 2023
BANK OF MONTREAL
EXHIBIT TO FINANCIAL STATEMENTS FOR THE QUARTER ENDED
JULY 31, 2023
EARNINGS COVERAGE RATIO
The following consolidated financial ratios for the Bank, are calculated for
the 12 months ended July 31, 2023 and October 31, 2022.
12 Months Ended July 31, 2023 12 Months Ended October 31, 2022
Actual Actual
Interest coverage on subordinated indebtedness 25.92 times 79.95 times
In calculating the interest coverage ratios, foreign currency amounts have
been converted to Canadian dollars using rates of exchange as at the end of
each month. For the 12 month period ending July 31, 2023 and October 31, 2022
the average monthly exchange rates were $1.3458 per US$1.00 and $1.2918 per
US$1.00, respectively.
The Bank's earnings before interest on subordinated indebtedness and income
tax for the 12 months ended July 31, 2023 were $10,004.33 million, which is
25.92 times the Bank's aggregate interest on subordinated indebtedness
requirement for this period. The Bank's earnings before interest on
subordinated indebtedness and income tax for the 12 months ended October 31,
2022 were $18,111.58 million, which is 79.95 times the Bank's aggregate
interest on subordinated indebtedness requirement for this period.
The amounts and ratios reported above are derived from information in the
unaudited interim consolidated financial statements for the three and nine
months ended July 31, 2023 and the consolidated financial statements for the
year ended October 31, 2022.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END MSCUKVKROAUWUAR