RBC Financial Performance Update

GIL below pre-pandemic levels with continued muted new formations Gross Impaired Loans (GIL) ($ millions, bps) 51 57 47 41 40 $3,857 $3,529 $3,195 $2,872 $2,777 Key Drivers of GIL (QoQ) Total GIL decreased $95 million (down 1 bp QoQ) Capital Markets GIL decreased $157 million, primarily reflecting resolution of previously impaired loans, largely in the Oil & Gas sector, partially offset by higher new formations largely in the Real Estate and Related sector Wealth Management (including CNB) GIL increased $49 million, on higher new formations at CNB, primarily in the Consumer Discretionary, and Information Technology sectors Canadian Banking GIL was stable, as relatively small increases in GIL across retail products were offset by a decrease in commercial GIL Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 New Formations ($ millions) (1) 1,265 1,308 35 230 Net Formations ($ millions) 840 511 530 605 551 21 106 53 63 70 114 35 226 56 78 461 90 398 383 307 182 2,872 Q2/20 Q3/20 Q4/20 Q1/21 Q2/21 ■Canadian Banking ■Caribbean & U.S. Banking ■Capital Markets Wealth Management 605 (52) (285) (301) (62) 2,777 Q1/21 GIL New Formations Returning to Repayments Write-Offs Performing Other Q2/21 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. 23 RISK REVIEW RBC

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