TECHNOLOGY @ RBC

Lower PCL on impaired loans (Stage 3) reflect lower new formations Total RBC ($ millions, bps) Wealth Management ($ millions, bps) 37 21 27 23 21 8 -1 21 15 $43 $613 $35 $434 $398 $338 $251 $(1) $15 Q4/19 Q1/20 Q2/20 Q3/20 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Q4/20 ■ Lower provisions QoQ across all segments, led by Canadian Banking and Wealth Management Canadian Banking ($ millions, bps) ■ Lower provisions QoQ largely due to the reversal of an impairment taken last quarter (U.S. Wealth Management) and lower write-offs at CNB Capital Markets ($ millions, bps) 31 26 30 94 23 14 24 24 $272 $349 $339 $300 $264 $169 $60 $61 Q4/19 Q1/20 Q2/20 Q3/20 Q4/20 Q4/19 Q1/20 Q2/20 25 25 27 27 $73 $68 Q3/20 Q4/20 ■ Lower provisions QoQ across retail and commercial portfolios, mainly due to the impact of COVID-19 related government support and RBC Client Relief programs ☐ Relatively stable provisions QoQ Majority of provisions this quarter related to COVID-19 vulnerable sectors (oil & gas, other services and consumer discretionary sectors) 25 RISK REVIEW RBC

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