2020 Economic Outlook

Strength of a high-quality liquid balance sheet Assets $1,476 Billion (as at January 31, 2020) Liabilities & Capital Unsecured Funding 35% Cash and Reverse Repos 127% coverage Wholesale Funding 44% Liquid Assets Secured Funding Loan Portfolio Represents 43% of Total Balance Sheet Excluding Allowances and Including Sold MBS as per IFRS Trading & Investment Securities Residential Mortgages(1) 124% coverage Other Retail Loans Wholesale Loans Derivatives are on Balance Sheet as per IFRS Other Assets (2) Personal Deposits 53% Capital + Retail- Related Business & Government Deposits Funding Securitization (1) and Covered Bonds Capital Other Liabilities(2) (1) Securitized agency mortgaged back securities (MBS) are on balance sheet as per IFRS. (2) Other assets include $94BN of derivatives related assets, largely offset by derivatives related liabilities in Other liabilities. Under IFRS derivative amounts with master netting agreements cannot be offset and the gross derivative assets and liabilities are reported on balance sheet. 42 APPENDIX RBC

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