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November 30, 2009

Toronto-Dominion Bank has about $19.5 billion in U.S. commercial real estate loans, the Globe and Mail reported, higher than some investors believe. The Globe and Mail cites the Hamilton Capital Partners research report.

It was disclosed to investors that TD Bank it had about $12 billion in U.S. commercial real estate exposure, the Globe said. Difference appears to come from the way TD classifies the loans it makes on owner-occupied premises, reports the Globe.

“Trying to bridge from them to the bank’s official reporting is difficult and could lead to confusing and misleading interpretations of our exposures and results,” said a TD Bank represantative.

The report is the first from Hamilton Capital, which will be launching an investment fund early next year.

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