RBC builds loan-loss buffer

- Louie Woodall
- 22 Aug 2018

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

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