RBC Financial Performance Update
ACL coverage: Lower-risk residential mortgages a large part of our balance sheet
Allocation of ACL by Product
Q1/2021
Q2/2021
% of Loans & Acceptances
% of Loans & Acceptances
Product
Stage 1
Stage 2 Stage 1 & 2 Stage 3
Total
Stage 1
Stage 2 Stage 1 & 2
Stage 3
Total
(1)
Residential mortgages
0.1%
1.9%
0.1%
23.3%
0.15%
0.1%
2.1%
0.1%
22.0%
0.14%
Other Retail
0.9%
13.9%
2.2%
46.4%
2.36%
0.8%
12.9%
2.1%
38.4%
2.20%
Personal
0.6%
9.6%
1.3%
48.8%
1.45%
0.6%
9.2%
1.3%
41.4%
1.41%
Credit cards
2.7%
27.3%
7.3%
7.33%
2.4%
25.6%
6.8%
6.84%
Small business
1.6%
3.6%
1.9%
40.0%
2.48%
0.9%
4.6%
1.4%
31.9%
1.70%
Retail
0.2%
8.7%
0.6%
30.9%
0.68%
0.2%
8.9%
0.6%
27.7%
0.65%
(1,2)
Wholesale
0.5%
4.6%
1.0%
31.3%
1.24%
0.4%
4.8%
0.9%
30.6%
1.14%
Total ACL
0.3%
6.4%
0.7%
31.1%
0.85%
0.3%
6.7%
0.7%
29.5%
0.79%
Allocation of Loans By Product Within Each IFRS 9 Stage
Q1/2021
Q2/2021
% of Loans & Acceptances
% of Loans & Acceptances
Product
Stage 1
Stage 2 Stage 1 & 2 Stage 3
Total ($BN)
Stage 1
Stage 2
Stage 1 & 2 Stage 3
Total ($BN)
(1)
Residential mortgages
97.3%
2.5%
99.8%
0.2%
351.7
97.8%
2.0%
99.8%
0.2%
357.8
Other Retail
89.5%
10.2%
99.7%
0.3%
112.6
89.5%
10.2%
99.7%
0.3%
118.2
Personal
91.5%
8.3%
99.7%
0.3%
90.5
91.6%
8.1%
99.7%
0.3%
90.5
Credit cards
81.1%
18.9%
100.0%
0.0%
16.4
80.9%
19.1%
100.0%
0.0%
16.6
Small business (2)
82.7%
15.8%
98.4%
1.6%
5.8
85.0%
13.9%
99.0%
1.0%
11.1
Retail
95.4%
4.3%
99.8%
0.2%
464.3
95.7%
4.0%
99.8%
0.2%
476.0
(1,2)
Wholesale
87.4%
11.8%
Total Loans
92.8%
6.7%
99.2%
99.6%
0.8%
221.9
88.7%
10.5%
99.2%
0.8%
212.8
0.4%
686.3
93.6%
6.0%
99.6%
0.4%
688.7
(1) Items not subject to impairment are loans held at FVTPL: Residential mortgages (Q2/21: $243MM, Q1/21: $255MM); Wholesale (Q2/21: $8.6BN, Q1/21: $10.4BN). (2) In Q2/21, $5.4BN of loans previously classified as
commercial was reclassified as Small Business loans.
29 | RISK REVIEW
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