Home Capital Provides Update On Liquidity and Deposits and Closing Of Commercial Mortgage Sale

TORONTO, June 30, 2017 /CNW/ - Home Capital Group Inc. ("The Company" TSX: HCG) today reported its aggregate liquidity and credit capacity position as of June 29, 2017.  

The Company also reported it has received proceeds of approximately $129 million in connection with the closing of the sale of certain commercial mortgages previously announced.

The completion of these commercial mortgages, and other recent transactions, coupled with the recent strength reported in deposit taking, has significantly improved the Company's liquidity position. As such, the Company will cease reporting its daily liquidity position. The Company will report the next liquidity update on July 17, 2017.

Liquidity and Deposit Update

  • Aggregate available liquidity and credit capacity stood at approximately $1.53 billion including the undrawn amount of $350 million under the Company's $2.0 billion credit facility.

  • Home Trust High Interest Savings Account (HISA) deposit balances stood at approximately $114 million.

  • Total Guaranteed Investment Certificate (GIC) deposits, including Oaken and broker GICS, stood at approximately $12.15 billion and Oaken savings accounts stood at approximately $157 million.


Aggregate Liquidity and Credit Capacity
(C$ billions)


(C$ millions)

Oaken Savings

(C$ millions)


(C$ millions)

*GICS in a cashable position
(C$ millions)

June 29






June 28






June 27






June 26






June 23






June 22






June 21






June 20






June 19






June 16






*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.

For further information: Investors: Laura Lepore, Assistant Vice President, Investor Relations (416) 933-5652 laura.lepore@hometrust.ca


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