Economic Backdrop and Financial Performance Objectives

Gross Impaired Loans: New formations higher in Canadian Banking Gross Impaired Loans (GIL) ($ millions, bps) FY19:46 bps 42 38 34 31 48 $4,198 $3,704 $3,284 $2,893 $2,599 Key Drivers of GIL (QoQ) ■ Total GIL increased $494MM (up 6 bps QoQ) Canadian Banking GIL of $2,103MM increased $519MM QOQ, with higher new formations 。 Commercial new formations were primarily in Automotive (driven by 1 large impairment) and Real Estate and Related o Retail GIL and new formations were higher across all products Capital Markets ■ GIL of $1,242MM decreased $43MM QoQ. GIL balances remain concentrated in Real Estate and Related, and during the quarter, new formations were largely due to impairment of a loan secured by office properties in Houston Wealth Management (including CNB) Q1/23 Q2/23 Q3/23 Q4/23 Q1/24 ■ New Formations ($ millions) (1) As a % of L&A 0.15% GIL of $554MM increased $40MM QoQ. New formations increased across several sectors as well as residential mortgages (at CNB) Net Formations ($ millions) As a % of L&A: 0.17% 1,494 1,255 201 (52) (165) (610) 1,494 (173) 139 1,063 236 937 874 13 167 61 767 164 610 261 384 99 191 177 46 36 30 31 1,044 4,198 25 3,704 489 466 475 589 456 FY/19 Quarterly Average Q1/23 Q2/23 Q3/23 ■Canadian Banking ■Capital Markets Q4/23 ■Caribbean & U.S. Banking Wealth Management Q1/24 Q4/23 GIL New Formations Returning to Repayments Write-Offs Performing Other Q1/24 GIL (1) New formations for collectively assessed portfolios in Canadian Banking and Caribbean Banking are net of amounts returned to performing, repayments, sales, FX, and other movements, as amounts are not reasonably determinable. 29 RISK REVIEW RBC

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