Impaired loans drop 17% at RBC
Royal Bank of Canada’s portfolio of bad loans shrunk by almost a fifth over the three months to October 31, as repayments and write-offs more than offset a new wave of soured exposures.
Gross impaired loans totalled C$3.2 billion ($2.5 billion), down from C$3.9 billion at end-July. These accounted for 0.47% of total gross loans as of end-October, down from 0.57% three months prior.
RBC said repayments on bad loans amounted to C$560 million last quarter – 47% higher than in fiscal Q3 – and
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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Risk Quantum
Risk Management
Op risk data: Mouldy money makes big stink – and fine – for NatWest
Also: Santander plays Santa; JPM in messaging mayhem; ‘Sterling Lads’ cost HSBC a couple of bricks. Data by ORX News
Receive this by email