2020 Economic Outlook

Canadian residential portfolio has strong underlying credit quality Canadian Residential Mortgage Portfolio (1) As at January 31, 2020 ($ billions) LTV (2) 51% $132.7 49% 62% 56% 57% 57% 73% ■Insured ■ Uninsured $98.8 (34%) $194.4 (66%) Q1/2020 Highlights Average remaining amortization on mortgages of 18 years Strong underlying quality of uninsured residential mortgage portfolio(2) - 49% of uninsured portfolio have a FICO score >800 Greater Toronto Area and Greater Vancouver Area average FICO scores are above the Canadian average Condo exposure is 10.6% of residential lending portfolio $53.3 $38.9 $35.0 73% 47% 65% $18.2 $15.0 27% 51% 53% 49% 27% 35% 49% 51% Ontario B.C. & Alberta Quebec Manitoba & Atlantic Territories Sask. Canadian Banking Residential Lending Portfolio (2) As at January 31, 2020 Mortgage Total ($306BN) $268.0BN $37.8BN Uninsured ($232BN) $194.4BN $37.8BN HELOC LTV (2) GVA GTA Average FICO Score (2) 53% 52% 47% 47% 49% 49% 791 797 90+ Days Past Due (2)(3) 20 bps 16 bps GVA 8 bps 8 bps GTA 9 bps 8 bps (1) Canadian residential mortgage portfolio of $293BN comprised of $268BN of residential mortgages, $7BN of mortgages with commercial clients ($4BN insured) and $18BN of residential mortgages in Capital Markets held for securitization purposes. (2) Based on $268BN in residential mortgages and HELOC in Canadian Banking ($38BN). Based on spot balances. Totals may not add due to rounding. (3) The 90+ day past due rate includes all accounts that are either 90 days or more past due or are in impaired status. RBC 14

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