To view the Q2 2020 Report to Shareholders in PDF, please click on the link below.
http://www.rns-pdf.londonstockexchange.com/rns/2886O_1-2020-5-28.pdf
All amounts are in Canadian dollars and are based on financial statements prepared in compliance with International Accounting Standard 34 Interim Financial Reporting, unless otherwise noted.
[][][][]
Net Diluted Total ROE[(4)] CET1 Ratio
Income EPS[(1)] PCL[(2)] 7.3% 11.7%
Billion Down 55% Total PCL 17.5% last regulatory
Down YoY ratio on year requirements
54% loans
YoY up 139
bps[(3)] QoQ
Compared to last quarter, net income was down
The total PCL ratio on loans was 165 bps, up 139 bps from last quarter as we prudently increased reserves due to the impact of the COVID-19 pandemic. The PCL ratio on impaired loans of 37 bps increased 16 bps from last quarter, due to higher PCL on impaired loans mainly in Capital Markets. Our capital position remained robust, with a Common Equity Tier 1 (CET1) ratio of 11.7%. We also had a strong average Liquidity Coverage Ratio (LCR) of 130%.
"My sincere
thanks to all
those on the
frontlines
who are
combatting
the virus
with courage
and
compassion,
and to the
RBCers who
are living
our Purpose
with
extraordinary
dedication to
help our
clients
manage during
these
uncertain
times," said
RBC President
and Chief
Executive
Officer. "We
entered this
period of
heightened
macroeconomic
uncertainty
from a
position of
strategic and
financial
strength. Our
scale,
diversified
business mix,
technology
investments
and talented
employees
define our
leading
client
franchises.
Our strong
capital and
liquidity
position, and
disciplined
risk
management,
have enabled
us to remain
resilient and
focused on
delivering
long-term
value for our
clients,
shareholders
and
communities."
This information is provided by RNS, the news service of the
https://news.cision.com/royal-bank-of-canada/r/2nd-quarter-results,c3122777
https://mb.cision.com/Main/8160/3122777/1255650.pdf
(c) 2020 Cision. All rights reserved., source