RBC Financial Performance Update
Canadian residential portfolio has strong underlying credit quality
Q2/2021 Highlights
Strong underlying quality of uninsured residential lending portfolio(1)
-
- 54% of uninsured portfolio have a FICO score >800
GTA and GVA average FICO scores remain above the Canadian
average
Only 2% of our residential lending portfolio has an LTV >80% and
FICO score of 720 or lower, and is predominately all insured
Condominium outstanding balance is 11% of residential lending
portfolio
Canadian Banking Residential Lending Portfolio (1)
Mortgage
HELOC
LTV (2)
Uninsured ($263.7BN)
$228.5BN
Total ($338.5BN)
$303.3BN
$35.2BN
$35.2BN
51%
50%
GVA
46%
46%
GTA
48%
48%
Average FICO Score (1)
802
808
16 bps
13 bps
9 bps
8 bps
9 bps
8 bps
90+ Days Past Due (1)(3)
GVA
GTA
Canadian Residential Mortgage Portfolio (2) ($ billions)
49%
47%
61%
$157.8
LTV (1)
Canadian Banking Residential Lending Portfolio (1)
LTV (2)
52%
55%
54%
5%
>80%
FICO Scores
77%
$61.3
■ Insured ■ Uninsured
$101.5
(30%)
$233.4
(70%)
65%-80%
50%-65%
$41.0
$38.5
77%
<50%
49%
67%
$19.7
$16.8
23%
23%
Ontario
B.C. &
Territories
53%
51%
50%
33%
Alberta
Quebec
47%
Manitoba &
Sask.
50%
Atlantic
0%
10%
■>720
■681-720
20%
■620-680
21%
■ <620
20%
30%
38%
40%
% of Total Canadian Banking Residential Lending Portfolio
(1) Based on $303.3BN in residential mortgages and $35.2BN in HELOC in Canadian Banking. Based on spot balances. Totals may not add due to rounding. (2) Canadian residential mortgage portfolio of $335.0BN comprised of
$303.3BN of residential mortgages in Canadian Banking, $2.2BN in other Canadian business platforms, $11.1BN of mortgages with commercial clients ($7.7BN insured) and $18.4BN of residential mortgages in Capital Markets held for
securitization purposes. (3) The 90+ day past due rate includes all accounts that are either 90 days or more past due or are in impaired status.
26 RISK REVIEW
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