2020 Economic Outlook

Strong deposit growth Leveraging the strength of our distribution channels and successful deposit initiatives to drive growth Canadian relationship deposits ■ Initiated successful strategies to grow relationship deposit base ■ Canadian relationship deposits continue to grow ■ RBC Canadian personal deposit market share is at 19.7% as of Nov 2019 ■ RBC Canadian commercial demand deposit market share is at 25.1 % as of Nov 2019 RBC Canadian Deposits (1) ($BN) Average Balances ($B CAD) 210 190 Cdn Personal Deposits 170 150 130 110 90 70 2230 50 Cdn Business Deposits (2) 5.34% CAGR 7.04% CAGR Nov-09 Nov-10 Nov-11 Nov-12 Nov-13 Nov-14 Nov-15 Nov-16 Nov-17 Nov-18 Nov-19 RBC Relationship Deposits ($BN) Q1 2020 Q1 2019 HISA (3) $37 $34 (4) Advisory Channel Deposits $38 $30 Other Personal Deposits $227 $217 Business Deposits Total Deposits $299 $270 $601 $551 (1) Sourced from Canadian deposit market share, which is based on OSFI (M4 report). The volume change in Oct'16 was mainly due to a re-class of personal deposit to business deposits. (2) Canadian Business deposits reflect all platform demand deposits and Canadian Banking term deposit balances only. (3) High Interest Savings Account; Includes CAD and USD deposits. (4) Sourced largely from RBC Wealth Management network. 43 APPENDIX RBC

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