RBC builds loan-loss buffer 

Royal Bank of Canada’s (RBC) loan-loss reserves leapt C$72 million ($55 million) in the three months to end-July, the result of asset growth and a darkening economic outlook.  

Total provisions for credit losses (PCLs) were C$346 million, up from C$274 million the prior quarter. Of these C$338 million were attributable to the bank’s loan book. Of this amount, C$90 million related to performing assets and C$248 million to impaired loans. Last quarter, RBC reported a C$20 million reserve release

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here