RBC Financial Performance Update

Well positioned for rising interest rates Lower interest rates have negatively impacted deposit margins in Canadian Banking, and asset yields at City National (CNB) Strong mortgage growth and lower credit card balances in Canadian Banking shifted the product mix towards lower-yielding assets ~50% of Canadian Banking and CNB deposit base is non-interest bearing or low-rate deposits Canadian Banking ($ billions) Spot Deposits (1) Ain Spot Loan Balances (Q1/20 to Q2/21) ■Non-Interest Bearing Interest Bearing 489 Wholesale Personal Credit cards HELOC ■Residential Mortgages 400 36 2 City National (US$ billions) Spot Deposits ■Non-Interest Bearing ■Interest Bearing 73 Ain Spot Loan Balances (Q1/20 to Q2/21) PPP Loans ■Commercial ■Residential Mortgages 12 49 37 266 +12% 238 +46% 26 41 46% non- interest +38% 223 bearing or 36 +54% 23 49% Non- Interest Bearing 162 low cost deposits Q1/20 Q2/21 pre-pandemic Canadian Banking NIM on Average Earning Assets -1 2.72% 0.06% 0.10% (0.18)% 2.55% (0.15)% Q1/20 NIM Deposit Asset mix pre-pandemic spreads Deposit growth Asset spreads Q2/21 NIM & Other Q1/20 Q2/21 pre-pandemic CNB NIM on Average Earning Assets 2.97% (0.69)% (0.38)% 5 3 0.15% 0.24% 2.29% Q1/20 NIM Loan Yields pre-pandemic Investment Deposit Costs Wholesale Q2/21 NIM Yields Funding (1) Reflects non-interest bearing deposits that are presented in Note 6 of our Q2/21 Report to Shareholders, in addition to personal deposits with an interest rate between 0.1 basis point and 5 basis points. 53 APPENDIX RB Caft

View entire presentation