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Home Capital Group Inc.

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Home Capital Provides Update on Liquidity and Deposits
Home Capital Provides Update on Liquidity and Deposits

Canada NewsWire

TORONTO, May 18, 2017 /CNW/ - Home Capital Group Inc. ("The Company" TSX: HCG) today provided an update on the Company's liquidity position as of Wednesday May 17, 2017. The Company continues to maintain sufficient aggregate liquidity and credit capacity.

  • Aggregate available liquidity and credit capacity of approximately $1.47 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 $120 million.

  • Total Guaranteed Investment Certificate (GIC) deposits, including Oaken and broker GICs, stood at approximately $12.35 billion and Oaken savings accounts stood at approximately $145 million.

AGGREGATE LIQUIDITY AND CREDIT CAPACITY 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 17

$1.47

$120.2

$145.2

$12,347.9

$146

May 16

$1.48

$116.8

$146.0

$12,363.2

$153

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.

View original content: http://www.newswire.ca/en/releases/archive/May2017/18/c7278.html

Media: Boyd Erman, Longview Communications Inc., (416) 649-8007, berman@longviewcomms.ca; or Peter Block, Longview Communications Inc., (416) 649-8008, pblock@longviewcomms.ca; Investors: Laura Lepore, Assistant Vice President, Investor Relations, (416) 933-5652, laura.lepore@hometrust.caCopyright CNW Group 2017

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