Write-offs and other signs of distress in the transportation book of business at BMO (TO: BMO.TO) remained healthy in the midst of a strong freight market, showing only minimal signs of deterioration from the prior quarter.
在强劲的货运市场中，蒙特利尔银行(BMO)的运输业务账簿上的注销和其他困难迹象依然健康，仅显示出较上季度轻微恶化的迹象。
BMO's transportation book is heavily weighted toward U.S. trucking. As a publicly-traded bank that discloses quarterly data, its numbers are seen as a good indicator of industry strength or weakness.
蒙特利尔银行的运输账簿严重偏向美国卡车运输。作为披露季度数据的上市银行，其数据被视为行业强弱的良好指标。
In the second quarter of 2021, the Canadian-based bank (which was formerly named the Bank of Montreal) had transportation sector write-offs of CA$10 million (U.S. $8.3 million) In the prior quarter, that figure was CA$11 million.
在2021年第二季度，这家总部位于加拿大的银行(原名蒙特利尔银行)在运输部门注销了1000万加元(830万美元)，而在上一季度，这个数字是1100万加元。
More importantly, in the second quarter of 2020, the transportation write-offs were CA$35 million, and they were CA$30 million in the first quarter of last year. Just two quarters ago, in the fourth quarter of 2020, that figure totaled CA$23 million.
更重要的是，2020年第二季度的运输冲销额为3500万加元，去年第一季度为3000万加元。就在两个季度前，也就是2020年第四季度，这一数字总计为2300万加元。
For the first six months of fiscal 2021 at BMO, write-offs in the transportation sector totaled CA$21 million. In the first six months last year, that figure was CA$60 million.
蒙特利尔银行在2021财年的前六个月，运输部门的冲销总额为2100万加元。在去年的前六个月，这个数字是6000万加元。
To illustrate just how low the figure for the quarter is compared to recent history, the next lowest quarterly figure for transportation write-offs was CA$2 million in the first quarter of 2016, when BMO had just acquired the transportation segment from GE Capital.
为了说明这个季度的数字与最近的历史相比是多么的低，2016年第一季度的最低的运输注销数字是200万加元，当时BMO刚刚从GE金融收购了运输部门。
In 2017, the full-year write-offs were CA$101 million. With half of this fiscal year in the books, BMO's write-offs in transportation are not even 25% of that.
2017年，全年冲销额为1.01亿加元。在本财政年度的账目中，蒙特利尔银行在运输方面的冲销甚至还不到这个数字的25%。
Another indicator of the health of the transportation book at BMO is the allowances for credit losses. These are credits that are on the books as assets — unlike loans that have been written off — but are in various stages of distress in the bank's ability to collect those debts.
蒙特利尔银行交通帐簿健康状况的另一个指标是信贷损失的免赔额。这些是作为资产记在账上的信贷——不像已被冲销的贷款——但在银行收回这些债务的能力上处于不同的困境阶段。
That figure showed strength as well. The transportation segment's allowances for credit losses dropped to CA$25 million from CA$32 million. The second-quarter decline shows that figure breaking out of a fairly tight range of quarterly allowances for credit losses going back to the first quarter of 2019, with every quarter through this year's first-quarter showing credit allowances in a range of CA$28 million to CA$36 million.
这个数字也显示了力量。运输部门的信贷损失补贴从3200万加元降至2500万加元。第二季度的下降表明，这一数字打破了自2019年第一季度以来相当严格的信贷损失季度补贴范围，截至今年第一季度的每个季度，信贷补贴的范围在2800万加元至3600万加元之间。
The size of the transportation book at BMO is significantly down from last year, but that is to be expected. In the second quarter of 2020, companies across the board pulled down all or most of their revolving credit lines, given the uncertainty created by the start of the pandemic.
蒙特利尔银行的运输业务规模比去年明显下降，但这是可以预料的。鉴于疫情爆发带来的不确定性，在2020年第二季度，所有企业都取消了全部或大部分循环信贷额度。
Net loans and acceptances for BMO's transportation segment, which account for credit loss allowances, was CA$12.19 billion in the second quarter of 2021. A year ago it was CA$13.35 billion.
蒙特利尔银行运输部门的净贷款和承兑(计入信贷损失补偿)在2021年第二季度为121.9亿加元。一年前是133.5亿加元。
But even if the year-on-year analysis shows a smaller book of business, likely because of that one-off situation last year, the BMO book of transportation business is higher. It was CA$11.42 billion in the first quarter of 2019 and mostly has been sequentially higher since then.
但即使同比分析显示业务量有所减少(可能是由于去年的一次性情况)，蒙特利尔银行的运输业业务量仍较高。2019年第一季度为114.2亿加元，此后大部分时间都在连续增长。
However, the second-quarter 2021 book was smaller than the first quarter, which was CA$12.37 billion.
然而，2021年第二季度的收入比第一季度的123.7亿加元要少。
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