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Bank of Montreal's credit losses provision for the three months ended in Jul. 2014 was $119 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Jul. 2014 was $537 Mil.
Bank of Montreal's quarterly credit losses provision increased from Jan. 2014 ($90 Mil) to Apr. 2014 ($149 Mil) but then declined from Apr. 2014 ($149 Mil) to Jul. 2014 ($119 Mil).
Bank of Montreal's annual credit losses provision declined from Oct. 2011 ($1,182 Mil) to Oct. 2012 ($767 Mil) and declined from Oct. 2012 ($767 Mil) to Oct. 2013 ($561 Mil).
For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.
Bank of Montreal Credit Losses Provision for the trailing twelve months (TTM) ended in Jul. 2014 was 180.171591992 (Oct. 2013 ) + 89.592760181 (Jan. 2014 ) + 148.760330579 (Apr. 2014 ) + 118.938700823 (Jul. 2014 ) = $537 Mil.
Bank of Montreal Annual Data
Bank of Montreal Quarterly Data