Home Capital Provides Update On Liquidity and Deposits

TORONTO, Aug. 2, 2017 /CNW/ - Home Capital Group Inc. ("Home Capital" or "the Company") (TSX: HCG) today reported its aggregate liquidity and credit capacity position as of August 1 and also provided an update on its deposit inflows.

Liquidity and Deposit Update

  • Aggregate available liquidity and credit capacity stood at approximately $3.94 billion including an undrawn $2.0 billion credit facility with Berkshire Hathaway. The reported  liquidity position  includes approximately $153 million in proceeds received from the initial equity investment by Berkshire Hathaway.

  • Deposit inflows returned to historical averages. Deposits continue to be sourced through the deposit broker channel and Oaken, a direct to consumer channel.

  • Home Trust High Interest Savings Account (HISA) deposit balances stood at approximately $126 million.

  • Total Guaranteed Investment Certificate (GIC) deposits, including Oaken and broker GICs, stood at approximately $12.48 billion and Oaken savings accounts stood at approximately $186 million.


Aggregate Liquidity
and Credit Capacity
(C$ billions)

(C$ millions)

Oaken Savings
(C$ millions)

(C$ millions)

*GICs in a cashable

(C$ millions)

Aug 1






July 14






June 29






*GICS in a cashable position are included in the total GIC deposit balances reported daily.


July 28


May 12


July 21


May 5


July 14


April 28


July 7


April 21


June 30


April 14


June 23


April 7


June 16


March 31


June 9


March 24


June 2


March 17


May 26


March 10


May 19


March 3



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 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.

For further information: Investors: Laura Lepore, Assistant Vice President, Investor Relations, (416) 933-5652, laura.lepore@hometrust.ca; Media: Boyd Erman, Longview Communications Inc., (416) 649-8007, berman@longviewcomms.ca; Or Peter Block, Longview Communications Inc., (416) 649-8008, pblock@longviewcomms.ca


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