Supplementary Financial Information Q For the period ended April 30, 2011 (UNAUDITED) For further information, please contact:

Transcription

1 Supplementary Financial Information Q 0 For the period ended April 0, 0 (UNAUDITED) For further information, please contact: Josie Merenda Vice-President & Head, Investor Relations (46) josie.merenda@rbc.com Karen McCarthy Director, Investor Relations (46) karen.mccarthy@rbc.com Robert Colangelo Associate Director, Investor Relations (46) robert.colangelo@rbc.com

2 Table of Contents Page Page Notes to Users Capital (continued) Regulatory capital generation Key performance and Non-GAAP measures Economic Capital Glossary Capital ratios for significant banking subsidiary Securitization subject to early amortization - seller's interest 4 Financial Highlights Our financial asset securitizations Financial asset securitizations - capital charges Consolidated Results 7 Statements of income 4 Loans managed 7 Goodwill 4 U.S. banking loans 8 Revenue from trading activities 8 Gains (losses) on certain market and credit related items Credit Quality 9 Non-interest expense 5 Loans and acceptances 6 Gross impaired loans Segment Details 9 Provision for credit losses 0 Canadian Banking 0 Allowance for credit losses Wealth Management Credit quality ratios Insurance International Banking Credit Risk Exposure 4 Capital Markets Gross credit risk exposure by geography and portfolio 5 Corporate Support 4 Exposure covered by credit risk mitigation 4 Credit exposure by residual contractual maturity On- and Off-Balance Sheet 5 Credit exposure of portfolios under the standardized approach 6 Balance sheets (period-end balances) by risk weight 7 Selected average balance sheet items 5 Actual losses vs. estimated losses 7 Assets under administration and management 6 Retail credit exposure by portfolio and risk category 7 Statements of comprehensive income 6 Wholesale credit exposure by portfolio and risk rating 8 Statements of changes in shareholders' equity 9 Securitization 7 Realized gains and losses on available-for-sale securities 7 Trading credit derivatives Capital 7 Other than trading credit derivatives positions 0 Capital 8 Fair value of derivative instruments Risk-weighted assets 8 Derivative-related credit risk 9 Calculation of ROE and RORC

3 Notes to Users The financial information in this document is in Canadian dollars and is based on unaudited interim financial statements prepared in accordance with Canadian generally accepted accounting principles (GAAP), unless otherwise noted. This document is not audited and should be read in conjunction with our Q 0 Report to Shareholders and our 00 Annual Report to Shareholders. Certain comparative amounts have been reclassified to conform to the current period's presentation. Significant reporting changes made to this document in Q/ Treasury shares During the quarter, we changed the presentation of our sales and purchases of treasury stock from a net basis to a gross basis. This change pertains to our common and preferred shares. Impact to treasury shares from Q/0 have been revised to conform to the current period's presentation. Significant reporting changes made to this document in Q/ Capital Markets - Business realignment We realigned Capital Markets to better reflect how we manage our businesses. Global Markets comprises our fixed income, foreign exchange, equity sales and trading, treasury and funding and commodities businesses, proprietary trading operations and remaining portfolio of corporate collateralized debt obligations. Corporate and Investment Banking comprises our debt and equity origination, advisory services, loan syndication, corporate lending, client securitization, global credit, equity research, private equity and commercial and correspondent banking businesses. Other contains our legacy businesses and includes our bank-owned life insurance (BOLI) stable value products, U.S. commercial mortgage-backed securities, U.S. auction rate securities and other legacy portfolios. Certain of these products are also disclosed as market and credit related items as described in our 00 Annual Report. For debt and equity origination, revenues are allocated between Global Markets and Corporate and Investment Banking based on the contribution of each group in accordance with an established agreement. Wealth Management - Business realignment We made a number of organizational changes in Wealth Management to better align our operating structure with our goals and to accelerate our global growth strategy. Trading Revenue We reclassified certain amounts relating to fair value adjustments on certain RBC debt designated as HFT in Capital Markets, which were reported in the Other category, to the Trading revenue category of Non-interest income to better reflect their nature. Economic Capital We revised our economic capital methodology, prospectively, to include an additional pro-rata allocation to the business segments of previously unallocated capital. The revised allocation methodology further aligns our capital allocation processes with the new higher capital requirements of Basel III. Accounting adjustment - Impact of securitizations We have updated the net impact of securitization to capture the mark-to-market on unsold mortgage-backed securities held in Capital Markets. Comparative information was not available past Q/0. Impact of securitization on non-interest income and net income for Q/0 to Q4/0 reflect these adjustments. Basel II banking book equities We moved the banking book equities disclosure, specifically the allocation between public and private exposures, to become part of the risk-weighted assets (Basel II) disclosure. Refer to footnote 8 on page of this Supplementary. Basel I reporting We ceased reporting Basel I amounts. Comparison between Basel I and Basel II numbers are not meaningful, and analysis should continue to be focused on Basel II methodology. --

4 Key performance and Non-GAAP measures Management measures and evaluates the performance of our consolidated operations and each of our segments based on a number of different measures including net income and non-gaap measures. For details, refer to the 'How we measure and report our business segments' section in our Q 0 Report to Shareholders and our 00 Annual Report to Shareholders. Readers are cautioned that key performance measures and non-gaap measures do not have any standardized meaning prescribed by GAAP and therefore may not be comparable to similar measures presented by other companies. Performance measures Attributed capital (Economic capital) An estimate of the amount of equity capital required to underpin risks. It is calculated by estimating the level of capital that is necessary to support our various businesses, given their risks, consistent with our desired solvency standard and credit ratings. Average risk capital Calculated using methods intended to approximate the average of the daily risk capital balances for the period. Return on equity (ROE) Business segment return on equity is calculated as net income available to common shareholders divided by Average attributed capital for the period and using methods that are intended to approximate the average of the daily balances for the period. Corporate Support also includes average unattributed capital. Return on risk capital (RORC) Net income available to common shareholders divided by average risk capital. Business segment RORC is calculated as net income available to common shareholders divided by average risk capital for the period. Risk capital Risk capital includes credit, market (trading and non-trading), insurance-specific, operational, business and fixed assets risk capital. Unattributed capital Unattributed capital represents common equity in excess of common equity attributed to our business segments and is reported in the Corporate Support segment. Non-GAAP measures Cash basis measures Cash basis measures such as cash net income, cash diluted earnings per share (EPS) and cash ROE are calculated by adding back to net income the after-tax amount on the amortization of intangibles other than software and the goodwill impairment. These non-cash charges do not deplete our cash reserves. Economic profit Economic profit is net income excluding the after-tax effect of amortization of other intangibles, less a capital charge for use of attributed capital. Glossary Assets-to-capital multiple Total assets plus specified off balance sheet items, as defined by the Office of the Superintendent of Financial Institutions Canada (OSFI), divided by total regulatory capital. Assets under administration (AUA) Assets administered by us, which are beneficially owned by clients. Services provided in respect of assets under administration are of an administrative nature, including safekeeping, collecting investment income, settling purchase and sale transactions, and record keeping. Assets under management (AUM) Assets managed by us, which are beneficially owned by clients. Services provided in respect of assets under management include the selection of investments and the provision of investment advice. We have assets under management that are also administered by us and included in assets under administration. Goodwill and intangibles Represents our net investment in goodwill and intangibles. Gross-adjusted assets (GAA) GAA are used in the calculation of the Assets-to-Capital multiple. They represent our total assets including specified off-balance sheet items and net of prescribed deductions. Off-balance sheet items for this calculation are direct credit substitutes, including letters of credit and guarantees, transaction-related contingencies, trade-related contingencies and sale and repurchase agreements. Taxable equivalent basis (teb) Income from certain specified tax-advantaged sources is increased to a level that would make it comparable to income from taxable sources. There is an offsetting adjustment in the tax provision, thereby generating the same after-tax net income. We record teb adjustments in Capital Markets and record elimination adjustments in Corporate Support. Total trading revenue Total trading revenue is comprised of trading related revenue recorded in Net interest income and Non-interest income. --

5 Glossary continued Ratios Capital ratios The percentage of risk-weighted assets supported by capital, using the guidelines of OSFI based on standards issued by the Bank for International Settlements and GAAP financial information. Efficiency ratio Non-interest expense as a percentage of total revenue. Return on assets Net income as a percentage of average assets. Return on common equity (ROE) Net income less preferred share dividends, expressed as a percentage of average common equity. Tier common ratio Tier capital less qualifying other non-controlling interest in subsidiaries, less Innovative Tier capital instruments less preferred shares (both net of treasury shares) divided by risk-weighted assets. This ratio is calculated consistent with a stress testing measure used by the U.S. Federal Reserve for U.S. banks in determining capital adequacy under certain adverse scenarios, except that our calculation of Tier common ratio is based on the Basel II methodology. Calculations Average balances (assets, loans and acceptances, and deposits) Calculated using methods intended to approximate the average of the daily balances for the period. Average common equity Calculated using methods intended to approximate the average of the daily balances for the period. For the business segments, calculated using methods intended to approximate the average of the daily attributed capital for the period. Average earning assets The average carrying value of deposits with banks, securities, assets purchased under reverse repurchase agreements and certain securities borrowed, and loans based on daily balances for the period. Capital charge Calculated by multiplying the cost of capital by the amount of average common equity. The cost of capital is a proxy for the after-tax return that we estimate to be required by shareholders for the use of their capital. The cost of capital is regularly reviewed and adjusted from time to time based on prevailing market conditions. Market capitalization End of period common shares outstanding multiplied by the closing common share price on the Toronto Stock Exchange. Dividend yield Dividends per common share divided by the average of the high and low share prices in the relevant period. Net interest margin (average assets) Net interest income as a percentage of total average assets. Net interest margin (average earning assets) Net interest income as a percentage of total average earning assets. Net write-offs Gross write-offs less recoveries of amounts previously written off. Risk-weighted assets (RWA) - Basel II Used in the calculation of risk-based capital ratios as defined by guidelines issued by OSFI based on Basel II, effective November, 007. A majority of our credit risk portfolios use the AIRB Approach and the remainder use a Standardized Approach for the calculation of RWA based on the total exposure (i.e. exposure at default, and counterparty risk weights). For market risk RWA measurement, we use internal models approach for products with regulatory approval and a standardized approach for products to be approved. For Operational risk, we use the Standardized Approach. In addition, Basel II requires a transitional capital floor adjustment. --

6 FINANCIAL HIGHLIGHTS (C$ MM) Q/ Q/ Q4/0 Q/0 Q/0 Q/0 Q4/09 Q/09 Q/ SELECTED INCOME STATEMENT INFORMATION Total revenue 7, 7,89 7,0 6,87 6,967 7,4 7,459 7,8 6,76 4,5 4,0 8,0 9,06,58 Provision for credit losses (PCL) ,86,4,595 Insurance policyholder benefits, claims and acquisition expense,0 69,4,459,096,0,,5 958,650,6 5,08 4,609,6 Non-interest expense (NIE),85,946,88,77,57,66,606,755,575 7,78 7,98 4,9 4,558,5 Goodwill impairment charge , ,000 - Net Income (loss),506,89,,76,9,497,7,56 (50),45,86 5,,858 4,555 Net income (loss) available to common shareholders,44,774,057,,64,4,7,488 (05),6,697 4,965,65 4,454 PROFITABILITY MEASURES Total Earnings (loss) per share (EPS) - basic $.0 $.5 $0.74 $0.85 $0.89 $.0 $0.8 $.06 ($0.07) $.6 $.90 $.49 $.59 $.4 - diluted $.00 $.4 $0.74 $0.84 $0.88 $.00 $0.8 $.05 ($0.07) $.4 $.88 $.46 $.57 $.8 Return on common equity (ROE) 6.7 % 0. %. % 4. % 5.8 % 7.5 % 4.7 % 9.4 % (.4)% 8.5 % 6.7 % 4.9 %.9 % 8. % Return on risk capital (RORC) 4.9 % 0. % 0.6 % 4. % 6.7 % 0.8 % 6.0 %.4 % (.)% 7.6 % 8.7 % 5.4 % 9.5 % 9.6 % Return on assets 0.86 %.00 % 0.6 % 0.7 % 0.8 % 0.90 % 0.74 % 0.9 % (0.0)% 0.9 % 0.87 % 0.76 % 0.55 % 0.70 % Return on risk-weighted assets (RWA).44 %.85 %.7 %.96 %.9 %.9 %.00 %.55 % (0.08)%.65 %.4 %.0 %.50 %.78 % Efficiency ratio 5.8 % 5.4 % 5.0 % 49.5 % 5. % 49.4 % 48. % 48.0 % 5.9 % 5.6 % 50. % 50.8 % 50.0 % 57. % CASH BASIS MEASURES Net income (loss),506,89,,76,9,497,7,56 (50),45,86 5,,858 4,555 After-tax effect of amortization of other intangibles and goodwill impairment , ,76 Cash Net income,548,879,60,5,70,57,78,60 99,47,907 5,8 5,04 4,677 Cash Diluted EPS $.0 $.6 $0.76 $0.87 $0.9 $.0 $0.85 $.07 $0.66 $.0 $.94 $.57 $.40 $.47 Cash ROE 6.% 9.8%.% 4.% 5.5% 7.% 4.5% 9.0%.% 8.% 6.% 4.7% 5.% 8.% ECONOMIC PROFIT Net income (loss),506,89,,76,9,497,7,56 (50),45,86 5,,858 4,555 After-tax effect of amortization of other intangibles and goodwill impairment , ,76 Capital charge (98) (97) (965) (95) (905) (9) (94) (97) (874) (,865) (,88) (,745) (,58) (,558) Economic Profit ,56,079,67,45,9 KEY RATIOS Diluted EPS growth.6 % 4.0 % (9.8)% (0.0)% n.m. 8. %. % 4. % (0.0)% 9. % 7.5 % 4.6 % (4.0)% (9.)% Revenue growth.4 % 0.7 % (.4)% (.7)%.0 %.8 % 47. %. % 6.5 %.5 % 5.0 % (.7)% 4.9 % (.8)% NIE growth 7.4 % 8.8 % 5.9 % (0.)% (0.)% 0. % 0.6 % 4.8 % 0.4 % 8. % 0.0 % (.)% 7.9 % (.0)% Specific PCL to average net loans and acceptances 0.47 % 0.45 % 0.57 % 0.59 % 0.68 % 0.68 %.00 % 0.98 %.06 % 0.46% 0.68% 0.6% 0.97% 0.5% Net interest margin (average assets).55 %.5 %.5 %.58 %.69 %.65 %.7 %.7 %.68 %.5 %.67 %.6 %.66 %.9 % Non-interest income as % of total revenue 6.0 % 6.5 % 6.4 % 59.7 % 6. % 6.5 % 6.4 % 6.9 % 56.9 % 6. % 6.9 % 6. % 60. % 58.0 % Effective tax rate 0.6 % 4.7 % 4.9 % 6.5 % 4.7 % 7. %.6 %.0 % 04.7 %.9 % 6.0 %.6 % 8.4 %.8 % SELECTED BALANCE SHEET INFORMATION Average loans and acceptances 0,700 00,800 00,000 95,00 89,400 88,00 88,800 85,400 9,500 0,00 88,900 9,00 90,400 70,900 Total assets 78,97 7,0 76,06 704,44 655,6 659, , , 680,54 78,97 655,6 76,06 654,989 7,859 Average assets 79,800 7,000 75,400 69,900 65, ,00 66, ,600 7,00 75, ,000 68, ,00 650,00 Average earning assets 596, ,500 57,00 558,000 58,500 59,400 50,00 509,900 55,00 596,700 58, ,00 5,600 50,500 Deposits 44,77 47,0 4,0 48,975 97,840 94,695 98,04 404,708 4,87 44,77 97,840 4,0 98,04 48,575 Common equity 5,64 5,54 4,40,70,5,8,095 0,995 9,847 5,64,5 4,40,095 7,980 Average common equity 5,400 4,600 4,000,500,850,450,600 0,400 0,550 5,000,650,50 0,450 4,650 Average risk capital,800,50 0,50 9,800 9,450 8,450 7,900 8,800 8,950,550 8,950 9,500 8,600 5,050 Comparative information has been restated as at November, 008 due to the implementation of amendments to CICA Handbook Section 855 issued in August, 009. Defined in the "Key performance and Non-GAAP measures" section. n.m. Not meaningful. -4-

7 FINANCIAL HIGHLIGHTS continued (C$ MM) Q/ Q/ Q4/0 Q/0 Q/0 Q/0 Q4/09 Q/09 Q/ CAPITAL MEASURES Tier capital ratio.6%.%.0%.9%.4%.7%.0%.9%.4%.6%.4%.0%.0% 9.0% Total capital ratio 5.7% 5.% 4.4% 4.% 4.4%.6% 4.% 4.4%.% 5.7% 4.4% 4.4% 4.%.0% Assets-to-capital multiple 6.X 6.X 6.5X 6.5X 6.0X 6.X 6.X 6.X 6.X 6.X 6.0X 6.5X 6.X 0.X Tier common ratio 0.% 9.9% 9.8% 9.6% 9.7% 9.% 9.% 9.% 7.9% 0.% 9.7% 9.8% 9.% 6.5% Risk-weighted assets ($ billions) Gross-adjusted assets ($ billions) SHARE INFORMATION First preferred shares outstanding (000s) - end of period Non-cumulative series W,000,000,000,000,000,000,000,000,000,000,000,000,000,000 Non-cumulative series AA,000,000,000,000,000,000,000,000,000,000,000,000,000,000 Non-cumulative series AB,000,000,000,000,000,000,000,000,000,000,000,000,000,000 Non-cumulative series AC 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 Non-cumulative series AD 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 Non-cumulative series AE 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 Non-cumulative series AF 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 Non-cumulative series AG 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 0,000 Non-cumulative series AH 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 8,500 Non-cumulative series AJ 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 Non-cumulative series AL,000,000,000,000,000,000,000,000,000,000,000,000,000 - Non-cumulative series AN 9,000 9,000 9,000 9,000 9,000 9,000 9,000 9,000 9,000 9,000 9,000 9,000 9,000 - Non-cumulative series AP,000,000,000,000,000,000,000,000,000,000,000,000,000 - Non-cumulative series AR 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 - Non-cumulative series AT,000,000,000,000,000,000,000,000,000,000,000,000,000 - Non-cumulative series AV 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 6,000 - Non-cumulative series AX,000,000,000,000,000,000,000,000,000,000,000,000,000 - Common shares outstanding (000s) - end of period,48,80,45,90,44,9,4,744,4,44,4,44,47,60,4,5,408,9,48,80,4,44,44,9,47,60,4,60 - average (basic),46,504,44,094,4,565,4,777,40,75,48,46,4,644,408,687,405,77,45,79,49,4,40,79,98,675,05,706 - average (diluted),48,048,45,9,44,5,44,79,44,,4,79,48,409,4,80,47,08,46,606,4,89,4,754,4,6,9,744 Treasury shares held - preferred (000s) common (000s) 0,05,79,546,887,88,7,,60 0,887,79,7,58 Shares repurchased (000s) ,0 ($ MM) Stock options outstanding (000s) 5,584 6,945 5,659 6,856 7,9 9,74 7,877 0,67,668 5,584 7,9 5,659 7,877,77 Stock options exercisable (000s) 9,78,4 0,70,48,654,65,806 5,599 7,58 9,78,654 0,70,806 7,47 COMMON SHARE PERFORMANCE Book value per share $4.94 $4.75 $.99 $.70 $.9 $. $.67 $.98 $. $4.94 $.9 $.99 $.67 $0.90 Common share price (RY on TSX) - High (intraday) $6.5 $56. $56.96 $6.75 $6.89 $58.66 $58.50 $5.55 $4.74 $6.5 $6.89 $6.89 $58.50 $ Low (intraday) $5.77 $50.78 $48.85 $50.8 $5.6 $5.0 $49.9 $4. $5.5 $50.78 $5.0 $48.85 $5.5 $ Close, end of period $59.60 $5.68 $54.9 $5.7 $6.59 $5.8 $54.80 $5.8 $4.0 $59.60 $6.59 $54.9 $54.80 $46.84 Market capitalization (TSX) ($ MM) 85,58 76,54 77,50 76,484 87,669 74, 77,685 7,49 59,575 85,58 87,669 77,50 77,685 6,85 P/E ratio (4-quarters trailing earnings) Market price to book value DIVIDEND INFORMATION Dividends declared per share $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $0.50 $.00 $.00 $.00 $.00 $.00 Dividend yield.5%.7%.8%.5%.5%.6%.7% 4.% 5.8%.6%.5%.6% 4.8% 4.% Dividend payout ratio 50% 40% 67% 59% 56% 50% 60% 47% n.m. 44% 5% 57% 78% 59% Common dividends ($ MM) ,46,4,84,89,64 Preferred dividends ($ MM) Comparative information has been restated as at November, 008 due to the implementation of amendments to CICA Handbook Section 855 issued in August, 009. Common shares outstanding at the end of the period excludes treasury shares. Average common shares outstanding excludes treasury shares. Closing share price divided by diluted earnings per share. n.m. Not meaningful. -5-

8 FINANCIAL HIGHLIGHTS continued (C$ MM) Q/ Q/ Q4/0 Q/0 Q/0 Q/0 Q4/09 Q/09 Q/ INTEREST RATE SENSITIVITY Before tax impact of % increase in rates on: Net interest income risk Economic value of equity (90) (94) (484) (5) (0) (8) (0) (405) (440) (90) (0) (484) (0) (508) Before tax impact of % decrease in rates on: Net interest income risk (0) (47) (98) (57) (40) (8) () (0) (48) (0) (40) (98) () (90) Economic value of equity OTHER INFORMATION Number of employees (full time equivalent) Canada 50,40 50,808 49,79 49,84 48,77 48,49 48,79 49,70 49,70 50,40 48,77 49,79 48,79 49,999 US,99,480,48,409,74,484,65,8,49,99,74,48,65,45 Other 0,47 0,08 9,906 9,7 9,665 9,687 9,778 9,85 9,960 0,47 9,665 9,906 9,778 9,87 Total 7,076 7,7 7,6 7,97 70,8 70,600 7,86 7,66 7,479 7,076 70,8 7,6 7,86 7, Number of Banking branches Canada,,0,09,05,0,00,97,90,87,,0,09,97,74 US Other Total,759,766,76,756,754,756,76,759,756,759,754,76,76,74 Number of automated teller machines (ATM) 5,06 5,047 5,0 5,048 5,04 5,07 5,00 5,046 5,0 5,06 5,04 5,0 5,00 4,964-6-

9 STATEMENTS OF INCOME ` ` ` (C$ MM) Q/ Q/ Q4/0 Q/0 Q/0 Q/0 Q4/09 Q/09 Q/ Net interest income Interest income 4,854 4,988 4,89 4,6 4,56 4,666 4,766 4,89 5,48 9,84 9,0 8,67 0,578 5,08 Interest expense,4,5,056,884,87,99,890,95,4 4,57,756 7,696 9,07 5,984 Total,7,77,78,748,699,747,876,904,94 5,485 5,446 0,977,54 9,054 Non-interest income Accounts ,06,06,09 Other payment services Service charges ,45,449,67 Insurance premiums, investment and fee income,04 94,707,759,5,8,565,575,,8,708 6,74 5,78,609 Investment management and custodial fees ,778,69,759 Mutual fund revenue ,57,400,56 Trading revenue (9) ,08 58,09,7,,8 6 Securities brokerage commissions ,7,58,77 Underwriting and other advisory fees ,9, Foreign exchange revenue, other than trading Card service revenue Credit fees Securitization revenue ,69 46 Net gain (loss) on available-for-sale securities 8 () (5) (4) (4) 77 (9) (5) (95) (60) (67) Other 7 8 (9) (4) (96) (66) ,65 Total 4,40 4,66 4,49 4,079 4,68 4,587 4,58 4,99,847 9,06 8,855 7,5 7,565,58 Total revenue 7, 7,89 7,0 6,87 6,967 7,4 7,459 7,8 6,76 4,5 4,0 8,0 9,06,58 Provision for credit losses ,86,4,595 Insurance policyholder benefits, claims and acquisition expense,0 69,4,459,096,0,,5 958,650,6 5,08 4,609,6 Non-interest expense,85,946,88,77,57,66,606,755,575 7,78 7,98 4,9 4,558,5 Goodwill impairment charge , ,000 - Income taxes ,0,008,646,568,69 Non-controlling interest in net income of subsidiaries Net income (loss),506,89,,76,9,497,7,56 (50),45,86 5,,858 4,555 Preferred dividends (64) (65) (64) (65) (65) (64) (64) (7) (55) (9) (9) (58) () (0) Net income (loss) available to common shareholders,44,774,057,,64,4,7,488 (05),6,697 4,965,65 4,454 GOODWILL (C$ MM) Q/ Q/ Q4/0 Q/0 Q/0 Q/0 Q4/09 Q/09 Q/ Opening balance 9,98 8,064 8, 8,0 8,79 8,68 8, 8,89 9,948 8,064 8,68 8,68 9,977 4,75 Goodwill acquired -, , ,06 Goodwill impairment charge (,000) (,000) - Other adjustments (6) (48) (47) 55 (58) (9) 50 (506) (48) (0) (49) (4) (648),6 Closing balance 8,96 9,98 8,064 8, 8,0 8,79 8,68 8, 8,89 8,96 8,0 8,064 8,68 9,977 Comparative information has been restated as at November, 008 due to the implementation of amendments to CICA Handbook Section 855 issued in August, 009. Other adjustments primarily include the impact of foreign exchange translations on foreign currency-denominated goodwill. -7-

10 REVENUE FROM TRADING ACTIVITIES (C$ MM) Q/ Q/ Q4/0 Q/0 Q/0 Q/0 Q4/09 Q/09 Q/ Total Trading revenue Net interest income ,44,6 680 Non-interest income (9) ,08 58,09,7,,8 6 Total 609, ,049,,607,0,6,007,776 4, Trading revenue by product Interest rate and credit ,04,0 84,4,5,997,077 5 Equities Foreign exchange and commodities Total 609, ,049,,607,0,6,007,776 4, Trading revenue (teb) by product Interest rate and credit ,04,0 84,4,5,997,077 5 Equities , 709 Foreign exchange and commodities Total (teb) 754,46 777,084,70,99,7,04,900,54,6 5,06,46 Trading revenue (teb) by product - Capital Markets Interest rate and credit () ,076 75,055,44,854,87 (5) Equities ,50 74 Foreign exchange and commodities Total (teb) 708,094 79,044,4,5,657,0,80,86,7 4,86,0 GAINS (LOSSES) ON CERTAIN MARKET AND CREDIT RELATED ITEMS (C$ MM) Q/ Q/ Q4/0 Q/0 Q/0 Q/0 Q4/09 Q/09 Q/ Gains (losses) on impacted portfolios Held-for-trading (HFT) portfolios 4 Credit Valuation Adjustments (CVA) - MBIA (00) 8 (44) 0 () (89) (40) (704) BOLI (6) 66 (7) 8 54 (80) (6) () 8 75 () (6) Capital Markets - Other 6 (0) (54) (5) (47) (80) (58) (,5) Other segments (9) (4) (7) (95) 9 7 (889) (,0) Available-for-sale (AFS) portfolio 7 Capital Markets 7 (50) (7) 4 (45) 5 () (5) (49) () (40) (5) (77) - Other segments (6) (8) (0) (8) 44 (74) (5) (80) 6 6 () (408) (565) 9 (56) (5) (6) (5) 49 (87) (68) (9) (7) (4) (65) (485) (565) Revenue impact (5) 06 6 (57) (68) (4) (,74) (,785) Gains (losses) related to credit spreads Fair Value Adjustments on RBC debt Capital Markets 4 (9) 5 (6) 4 8 (40) () (58) (69) 4 Other segments 8 () () - 0 () () (8) (44) (4) 7 8 (7) 90 (0) (6) 5 5 (7) (4) (40) 7 6 (586) 5 CVA - other 4 5 (49) (74) () (0) () 46 (8) Credit default swaps (CDS) 8 (8) (6) (7) (9) (4) (8) (8) (58) (4) (7) (69) (00) 9 Revenue impact 4 (0) (8) (0) (6) (7) (0) () 5 (46) (66) (740) 808 Total revenue impact (7) (74) (78) (556) 79 (99) (,4) (,977) Comparative information has been restated as at November, 008 due to the implementation of amendments to CICA Handbook Section 855 issued in August, 009. Includes precious metals. The disclosure for 009 and 008 reflects those amounts previously disclosed as Market Environment related impacts. See our 009 Annual Report to Shareholders for additional information about these Market Environment related impacts. 4 Reported as Trading revenue. 5 Q/ amounts included a gain related to the MBIA settlement. We continue to hold the underlying assets in our trading book as part of Global Markets. As of Q/, these assets are no longer reported as Market related items. 6 The amount for Q/ has been reclassified to exclude gains and losses of assets previously hedged with MBIA. 7 Reported as Net (loss) gain on available-for-sale securities. 8 Reported as Non-interest income - Other. -8-

11 NON-INTEREST EXPENSE (C$ MM) Q/ Q/ Q4/0 Q/0 Q/0 Q/0 Q4/09 Q/09 Q/ Human resources Salaries,048,067,040, ,000,04,04,05,5,976 4,0 4,46,845 Variable compensation 88, ,040 8,94,866,84,56,689 Acquisition retention compensation Benefits related ,,75,55 Stock-based compensation () (5) Total Human resources,47,58,49,000,98,77,4,57,89 4,90 4,575 8,84 8,978 7,779 Equipment Depreciation Computer rental and maintenance Office equipment rental and maintenance Total Equipment ,000,05 94 Occupancy Premises rent Premises repairs and maintenance Depreciation Property taxes Total Occupancy ,05, Communications Telecommunications Postage and courier Marketing and public relations Stationery and printing Total Communications Professional fees Outsourced item processing Amortization of other intangibles Computer software Other Total Amortization of other intangibles Other Business and capital taxes Travel and relocation Employee training Donations Other ,04 0 Total Other ,69, Total non-interest expense,85,946,88,77,57,66,606,755,575 7,78 7,98 4,9 4,558,5 Stock-based compensation includes the cost of stock options, stock appreciation rights, performance deferred shares, deferred compensation plans and the impact of related economic hedges. Comparative information has been reclassified as a result of adopting CICA Handbook Section 064 on November, 008. Other includes reduction of the Enron-related litigation provision: $5 million in Q/0, $54 million in Q4/

12 CANADIAN BANKING (C$ MM) Q/ Q/ Q4/0 Q/0 Q/0 Q/0 Q4/09 Q/09 Q/ Income Statement Net interest income,98,976,94,865,80,879,8,740,678,904,689 7,488 6,947 6,78 Non-interest income ,66,540,067,94,868 Total revenue,74,778,698,68,59,68,57,48,7 5,50 5,9 0,555 9,890 9,586 Provision for credit losses (PCL) ,9, Non-interest expense,,97,,4,4,05,,69,7,60,49 4,995 4,79 4,758 Income taxes ,5,,99 Net income ,7,5,044,66,66 Total Revenue by business Personal Financial Services,59,54,50,4,40,46,90,9,80,06,88 5,760 5,05 5,5 Business Financial Services ,6,59,557,457,44 Cards and Payment Solutions ,,,8,8,80 Total,74,778,698,68,59,68,57,48,7 5,50 5,9 0,555 9,890 9,586 Financial ratios Return on equity (ROE).6% 5.8% 4.% 4.7% 4.6% 9.6% 7.0% 4.9%.9% 4.7% 7.0% 5.6% 5.9% 8.% Return on risk capital (RORC) 4.% 45.4% 44.4% 45.4% 45.0% 5.8% 50.5% 47.% 4.7% 4.7% 49.% 46.9% 48.4% 5.% Net interest margin (average earning assets).78%.78%.75%.70%.76%.80%.74%.7%.78%.78%.78%.75%.76%.98% Efficiency ratio 47.9% 46.7% 48.7% 47.% 47.6% 45.7% 47.% 47.% 49.4% 47.% 46.6% 47.% 47.8% 49.6% Operating leverage (0.6)% (.)% (.4)% (0.4)%.9% 4.5% 5.6%.0%.4% (.5)% 4.%.%.8%.6% Average balances Total assets 9,00 90,800 87,000 8,00 76,700 7,600 69,400 6,600 54,800 9,500 75,00 79,900 58,900,00 Total earning assets 84,000 8,500 79,000 74,400 68,800 66,00 6,00 54,400 47,400 8,00 67,500 7,00 5,600 5,600 Loans and acceptances 8,800 80,600 76,800 7,700 66,400 6,00 58,800 5,700 45,900 8,00 64,800 69,500 49,600 5,000 Residential mortgages 57,700 56,00 54,00 5,900 49,400 48,500 46,400 4,400 9,800 57,000 48,900 5,000 4,800 9,800 Personal 69,500 68,00 67,00 64,700 6,700 60,400 57,900 54,500 5,000 68,900 6,600 6,700 5,000 4,700 Credit cards,800,00,000,600,900,00,00,400,400,000,00,500,500,400 Small business,700,700,700,700,800,800,800,800,800,700,800,700,800,700 Total Retail 4,700 40,500 7,000,900 6,800 4,000 9,400,00 06,000 4,600 5,400 9,900 0,00 88,600 Wholesale 4,00 40,00 9,800 9,800 9,600 9,00 9,400 9,600 9,900 40,600 9,400 9,600 9,500 6,400 Deposits 0,400 0,00 97,400 9,000 87,700 87,500 8,700 77,400 7,700 0,800 87,600 9,400 76,000 55,000 Attributed capital 0,50 9,550 8,700 8,550 8,550 7,650 7,500 7,400 7,00 9,850 8,00 8,50 7,50 6,900 Risk capital 8,00 7,550 6,700 6,550 6,550 5,600 5,500 5,450 5,50 7,800 6,00 6,50 5,400 5,050 Credit quality Gross impaired loans / Average net loans and acceptances 0.49% 0.50% 0.5% 0.48% 0.49% 0.47% 0.48% 0.48% 0.48% 0.49% 0.50% 0.5% 0.50% 0.6% PCL / Average net loans and acceptances 0.6% 0.6% 0.4% 0.4% 0.47% 0.48% 0.48% 0.54% 0.59% 0.6% 0.47% 0.44% 0.5% 0.9% Net write-offs / Average net loans and acceptances 0.7% 0.4% 0.4% 0.40% 0.47% 0.45% 0.50% 0.5% 0.50% 0.6% 0.46% 0.4% 0.47% 0.40% Business information Assets under administration 6,00 54,600 48,00 4,00 4,00 6,000,800 0,800,000 6,00 4,00 48,00,800 09,500 Other earnings measures Net income ,7,5,044,66,66 After-tax effect of amortization of other intangibles Cash Net income ,7,59,050,669,669 Capital charge (68) (6) (49) (44) (5) (7) (8) (5) (98) (59) (45) (945) (84) (76) Economic Profit ,04,067,05,85,94 Reported results include securitized residential mortgage and credit card loans and related amounts for income and provision for credit losses. As at Q/, the average securitized residential mortgage and credit card loans included were $40. billion and $. billion, respectively. Securitized residential mortgages and credit card loans are included in Total assets, Total earning assets, Loans and acceptances, Residential mortgage, Credit cards and AUA to better reflect how the assets are managed. As at Q/, average personal secured loans was $40. billion and average personal unsecured loans was $9.4 billion. Excludes the amortization of computer software intangibles. -0-

13 WEALTH MANAGEMENT (C$ MM) Q/ Q/ Q4/0 Q/0 Q/0 Q/0 Q4/09 Q/09 Q/ Income Statement Net interest income Fee-based revenue ,6,5,6,54,76 Transactional and other revenue ,5,59,4 Total revenue,,85,05, ,064,074,08 99,96,09 4,88 4,080,987 Provision for credit losses (PCL) Non-interest expense ,79,64,95,6,08 Income taxes Net income Total Revenue by business Canadian Wealth Management ,50,65,55 U.S. & International Wealth Management ,06 940,949,08,8 Global Asset Management Total,,85,05, ,064,074,08 99,96,09 4,88 4,080,987 Financial ratios Return on equity (ROE) 6.5% 9.5% 8.7% 9.9% 9.6%.8% 5.8% 6.5%.% 7.9% 6.0% 7.6% 4.%.% Return on risk capital (RORC) 6.9% 7.% 70.9% 75.9% 6.% 7.9% 5.% 59.% 4.% 67.% 56.6% 64.6% 49.% 64.9% Pre-tax margin 4.% 6.%.6%.5% 5.% 4.%.7%.7% 7.6% 5.% 9.9%.% 0.0%.8% Average balances Total assets 0,700 9,500 8,000 8,00 8,00 9,00 0,00,00,800 0,00 8,700 8,400 0,500 6,900 Loans and acceptances 7,900 7,600 7,400 7,000 6,400 6,00 5,900 5,600 5,700 7,700 6,00 6,800 5,800 5,00 Deposits 8,600 8,500 8,700 8,900 8,800 9,400 9,900,600,600 8,500 9,00 9,000,500 6,900 Attributed capital 5,50 4,50,550,550,550,850,850,800,950 4,800,700,650,900,800 Risk capital,50, ,50,50,050,50,50,050,000,00,000 Credit quality Gross impaired loans / Average net loans and acceptances 0.% 0.04% 0.04% 0.09% 0.09% 0.00% 0.00% 0.0% 0.0% 0.% 0.09% 0.04% 0.00% 0.0% PCL / Average net loans and acceptances 0.00% 0.00% (0.0)% 0.7% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.00% 0.0% Net write-offs / Average net loans and acceptances 0.00% 0.00% 0.5% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.04% 0.00% 0.04% Business information Assets under administration Canadian Wealth Management 5,000 09,700 0,00 9,400 9,600 86,00 8,000 78,00 66,500 5,000 9,600 0,00 8,000 68,000 U.S. & International Wealth Management,900,00 0,400 08,600 07,000,900 0,00,000 5,00,900 07,000 0,400 0,00 7,00 Total 57,900 54,000 5,600 50, ,600 50,000 50,00 49,00 48,600 57, ,600 5,600 50,00 495,00 Assets under management Canadian Wealth Management,700,500 9,700 7,900 7,500 6,000 5,000 4,00,400,700 7,500 9,700 5,000,00 U.S. & International Wealth Management,800,600,900,600,500,000,000 9,600 7,500,800,500,900,000 9,00 Global Asset Management, 5,800 50,00 09,00 0,600 0,000 0,400 99,700 96,000 9,700 5,800 0,000 09,00 99,700 80,00 Total 08,00 05,00 6,800 5,00 5,000 48,400 45,700 9,700,600 08,00 5,000 6,800 45,700,600 Other earnings measures Net income After-tax effect of amortization of other intangibles Cash Net income Capital charge (8) (8) (0) (0) (99) (09) () (0) () (56) (08) (40) (447) (95) Economic Profit (US$ MM) Revenue by business U.S. & International Wealth Management ,04 906,878,79,757 Business information Assets under administration U.S. & International Wealth Management 4,00,800 4,000 00,00 0,00 0,900 96,000 90,600 64,00 4,00 0,00 4,000 96,000 7,500 BlueBay Asset Management plc results are reported on a one-month lag basis. Excludes assets held by clients of Phillips, Hager & North Investment Management Ltd. for which we earn either a nominal or no management fee. Q/ AUM excludes $.4 billion of these assets. Excludes the amortization of computer software intangibles. --

14 INSURANCE (C$ MM) Q/ Q/ Q4/0 Q/0 Q/0 Q/0 Q4/09 Q/09 Q/ Income Statement Net earned premiums 94,0,7,57,0,067, ,005,974,00 4,484,889,864 Investment income 98 (70) ,44,579 (458) Fee income Other 9 - (6) (6) - - Total revenue,06 99,594,759,7,8,565,575,9,5,709 6,06 5,75,60 Insurance policyholder benefits, claims and acquisition expense (PBCAE),0 69,4,459,096,0,,5 958,650,6 5,08 4,609,6 Non-interest expense Income taxes (recoveries) 6 () 5 () 5 (6) (7) () 5 4 Net income Total Revenue by business Canadian Insurance ,06,79,75,654,400 U.S. Insurance ,60,66 46 International and Other Insurance ,75,99,064 Total,06 99,594,759,7,8,565,575,9,5,709 6,06 5,75,60 Financial ratios Return on equity (ROE) 0.8%.6% 6.6% 7.0% 7.% 5.5%.% 48.0%.4%.%.0% 6.6% 7.0%.8% Return on risk capital (RORC).% 4.5% 7.5% 4.5% 0.5% 40.9% 7.7% 55.4% 9.%.9% 5.% 0.% 4.9% 7.% Average balances Total assets 5,400 6,00 6,00 5,400 4,800 4,00,900,000,000 5,800 4,600 5,00,00,600 Attributed capital,900,800,450,600,550,00,50,50,50,850,400,500,00,50 Risk capital,750,650,00,450,400,00,050,00,50,700,50,00,50,050 Additional information Premiums and deposits,,,6,40,574,8,8,88,67,5,549,700 5,704 4,970,86 Canadian Insurance ,4,066,70,964,95 U.S. Insurance ,68,0 95 International and Other Insurance ,9,06,66,90,55 Insurance policyholder benefits and claims ,5,7 9 96,67, ,,896 4,4,975,09 Insurance policyholder acquisition expense Insurance claims and policy benefit liabilities 6,07 0,466 0,750 0,9 9,450 9,97 8,9 8,56 8,00 6,07 9,450 0,750 8,9 7,85 Fair value changes on investments backing policyholder liabilities 4 8 (67) (49) (870) Business information Assets under management Other earnings measures Net income After-tax effect of amortization of other intangibles Cash Net income Capital charge (50) (48) (4) (46) (4) (7) (6) (9) (9) (98) (80) (67) (5) () Economic Profit (4) Premiums and deposits equals net earned premiums excluding the cost of premiums to other institutions for reinsurance coverage, plus segregated fund deposits. Investment income can experience volatility arising from fluctuation in the fair value of held-for-trading assets. The investments which support actuarial liabilities are predominantly fixed income assets designated as held-for-trading, and consequently changes in fair values of these assets are recorded in investment income in the consolidated statements of income. Changes in fair values of these assets are largely offset by changes in the fair value of the actuarial liabilities, the impact of which is reflected in insurance policyholder benefits and claims. Premiums and deposits include premiums on risk-based insurance and annuity products, and individual and group segregated fund deposits, consistent with insurance industry practices. 4 Includes revenue impact of the change in fair value on investments backing policyholder liabilities is reflected in Investment income and largely offset in PBCAE. 5 Excludes the amortization of computer software intangibles. --

15 INTERNATIONAL BANKING (C$ MM) Q/ Q/ Q4/0 Q/0 Q/0 Q/0 Q4/09 Q/09 Q/ Income Statement Net interest income ,67,687,0 Non-interest income Total revenue ,7,5,6,590,0 Provision for credit losses (PCL) Non-interest expense ,00,05,46,876 Goodwill impairment charge , ,000 - Income taxes and non-controlling interest in net income of subsidiaries (4) () (74) (76) (65) (80) (76) (59) (96) (74) (45) (95) (90) (9) Net (loss) income () 4 (57) (76) (7) (57) (5) (95) (,6) (84) (7) (,446) (5) Total Revenue by business Banking ,579,880,46 RBC Dexia IS Total ,7,5,6,590,0 Financial ratios Return on equity (ROE) (.)% 0.6% (9.7)% (5.)% (.5)% (4.)% (8.)% (6.)% (5.)% (0.7)% (.4)% (5.5)% (9.4)% (.4)% Return on risk capital (RORC) (4.)%.% (0.8)% (.5)% (5.4)% (0.)% (9.4)% (4.)% (4.6)% (.4)% (7.7)% (.)% (49.)% (8.)% Net interest margin (average earning assets) 4.77%.8%.84%.78% 4.06%.%.7%.86%.65%.80%.6%.7%.56%.6% Average balances Total assets 54,600 55,500 56,00 55,00 5,400 56,00 58,00 60,00 67,00 55,00 54,800 55,00 6,700 5,00 Total earning assets 4,400 4,800 5,000 4,400,900 7,00 8,900 40,400 46,00 4,00 5,500 5,00 4,00,800 Loans and acceptances 5,800 7,400 8,900 9,400 9,00 0,700,400,900 8,600 6,600 0,000 9,600 5,800 7,000 Deposits 44,00 4,00 45,700 46,00 44,00 47,00 48,00 49,500 54,500 4,600 45,700 45,800 5,600 4,500 Attributed capital 6,850 7,00 6,900 6,750 6,550 6,450 6,650 7,050 8,800 7,000 6,500 6,650 7,750 5,00 Risk capital,500,550,50,00,000,700,850,50,50,500,850,000,050,50 Credit quality Gross impaired loans / Average net loans and acceptances 9.% 0.6% 0.56% 0.44% 0.08% 0.0% 9.7% 8.94% 8.04% 8.85% 9.85% 0.% 8.80% 5.97% PCL / Average net loans and acceptances.88%.90%.6%.59%.58%.7%.80%.69%.07%.89%.4%.5%.74%.84% Net write-offs / Average net loans and acceptances.54%.85%.75%.08%.68%.99%.8%.%.8%.8%.%.7%.9%.6% Business information Assets under administration - RBC 5 7,00 7,500 7,800 7,900 7,00 7,400 7,700 7,400 8,700 7,00 7,00 7,800 7,700,00 - RBC Dexia IS 6,89,700,88,00,779,500,65,500,48,900,58,800,484,400,97,500,05,00,89,700,48,900,779,500,484,400,585,000 Assets under management - RBC 5,600,600,600,600,600,700,800,800,600,600,600,600,800,900 Other earnings measures Net (loss) income () 4 (57) (76) (7) (57) (5) (95) (,6) (84) (7) (,446) (5) After-tax effect of amortization of other intangibles and goodwill impairment , ,08 80 Cash net income (loss) - 48 () (5) () () (00) (69) (97) 48 (5) (9) (8) (7) Capital charge (8) (94) (97) (9) (80) (84) (9) (04) (47) (75) (64) (75) (890) (545) Economic Profit (8) (46) (9) (44) (8) (6) (9) (7) (44) (7) (99) (97) (,8) (68) (US$ MM) Revenue by business Banking ,55,6, Comparative information has been restated as at November, 008 due to the implementation of amendments to CICA Handbook Section 855 issued in August, 009. Includes U.S. and Caribbean banking businesses. RBTT Financial Group (RBTT) results are reported on a one-month lag basis. RBC Dexia Investor Services (RBC Dexia IS) results are reported on a one-month lag basis. 4 Calculated based on Banking information and excludes RBC Dexia IS amounts. 5 AUA - RBC and AUM - RBC represent the AUA and AUM, respectively, of RBTT reported on a one-month lag. 6 AUA - RBC Dexia IS represents the total AUA of the joint venture, of which we have a 50% ownership interest, reported on a one-month lag. 7 Excludes the amortization of computer software intangibles. --

16 CAPITAL MARKETS (C$ MM) Q/ Q/ Q4/0 Q/0 Q/0 Q/0 Q4/09 Q/09 Q/ Income Statement Net interest income (teb) ,79,89,79,99,57 Non-interest income 860, ,,,4 60,65,05,68,54,408 Total revenue (teb),56,08,49 954,600,840,84,4,566,544,440 5,887 6,9,95 Provision for (recovery of) credit losses (PCL) (5) (7) () (9) () Non-interest expense 96, ,085 86,06,8,40,68, Income taxes and non-controlling interest in net income of subsidiaries Net income ,00,07,647,768,70 Total Revenue (teb) Total Revenue,56,08,49 954,600,840,84,4,566,544,440 5,887 6,9,95 Revenue related to VIEs offset in Non-controlling interest () () (48) Total revenue excluding VIEs,54,0,48 954,598,88,86,,559,56,46 5,87 6,945,98 Total Revenue by business Global Markets 94, 89 48,7,84,4,848,49,45,50,8 6,09,546 Corporate and Investment Banking ,8 984,07,697,097 Other () 06 (9) (40) (5) (6) (49) (8) 8 (45) () (8) (708) Total,56,08,49 954,600,840,84,4,566,544,440 5,887 6,9,95 Financial ratios Return on equity (ROE) 7.5% 5.% 7.0% 9.% 5.8% 6.4% 7.9% 6.% 9.9%.5% 6.% 9.5%.0% 0.5% Return on risk capital (RORC) 9.6% 8.% 9.% 0.5% 9.6% 0.%.% 9.9%.% 4.0% 9.8%.% 4.% 4.5% Average balances Total assets 49,600 58,900 59,000,900 04,00,00,00,00 6,800 54,400 08,00 7,500 47,900 40,00 Trading securities 46,600 8,600 9,600,00 6,00,00 4,700 8,600 8,000 4,500 9,900 0,700,00 40,00 Loans and acceptances 7,800 9,000 9,000 9,00 9,000,400,00 5,900 4,600 8,400 0,00 9,600 9,500 8,00 Deposits 0,00,000 0,400 95,900 89,900 89,800 9,00 95,000,600,700 89,900 94,800 08,00,600 Attributed capital 9,50 9,00 8,00 8,050 7,750 8,50 7,750 8,50 8,50 9,50 8,050 8,00 8,00 5,600 Risk capital 8,00 8,50 7,50 7,050 6,750 7,00 6,700 7,00 7,50 8,50 7,050 7,00 7,000 4,700 Credit quality Gross impaired loans / Average net loans and acceptances 0.70% 0.8%.4%.70%.%.7%.76%.%.8% 0.68%.4%.8%.%.0% PCL / Average net loans and acceptances (0.06)% (0.7)% (0.)% (0.)% 0.9% 0.8%.6%.96%.40% (0.)% 0.4% 0.07%.78% 0.48 % Net write-offs / Average net loans and acceptances 0.0 % (0.5)% 0.5%.8% 0.45% 0.90%.00%.55% 0.8% (0.8)% 0.69% 0.8%.4% 0.09 % Business information Assets under administration 6,00 6,00 6,00 5,800 4,800 5,00 5,000 4,800 5,400 6,00 4,800 6,00 5,000 7,500 Other earnings measures Net income ,00,07,647,768,70 After-tax effect of amortization of other intangibles 5 Cash Net income ,0,076,65,78,7 Capital charge (4) (54) (7) (8) () (8) (5) (9) (4) (495) (45) (96) (9) (587) Economic Profit (6) Excludes the amortization of computer software intangibles. -4-

17 CORPORATE SUPPORT (C$ MM) Q/ Q/ Q4/0 Q/0 Q/0 Q/0 Q4/09 Q/09 Q/ Income Statement Net interest income (teb) (9) (7) (79) (70) (94) (59) () () (59) (56) (45) (90) (889) (989) Non-interest income (9) Total revenue (teb) (0) (4) (09) () (9) (8) (7) (8) (8) (46) (67) (598) (9) (67) Provision for (recovery of) credit losses (PCL) (6) (7) (4) (8) (4) (0) 0 89 (4) (4) (96) Non-interest expense 5 () (8) Income taxes and non-controlling interest in net income of subsidiaries (7) (8) (4) (9) (48) () (5) (4) () (98) (50) (0) (76) (488) Net (loss) income (95) (46) (6) 47 (79) () (8) 90 (64) (4) (0) (5) (06) (78) Additional information teb adjustment (46) (44) (58) (8) (7) () (76) (7) (0) (90) (48) (489) (66) (40) Average balances Total assets (,700) (9,900) (,00) (,00) (4,000) (5,000) (,900) (,600) (8,400) (,400) (4,400) (,00) (8,800) (,00) Attributed capital,00,500 5,00 5,000 4,900 4,850 4,600,550,000,50 4,900 5,000,50,000 Other earnings measures Net (loss) income (95) (46) (6) 47 (79) () (8) 90 (64) (4) (0) (5) (06) (78) After-tax effect of amortization of other intangibles - - () - () - () - Cash Net (loss) income (95) (46) (6) 49 (8) () (80) 9 (65) (4) () (4) (05) (78) Capital charge (50) (6) (40) (4) (5) (8) (59) (0) (44) () (7) (554) (8) (8) Economic Profit (45) (08) (0) (9) (6) (69) (9) (9) (09) (5) (485) (778) (5) (460) Comparative information has been restated as at November, 008 due to the implementation of amendments to CICA Handbook Section 855 issued in August, 009. PCL primarily comprises the general provision and an adjustment related to PCL on securitized credit card loans managed by Canadian Banking. In Q/ and 009, PCL also included an amount related to the reclassification of certain AFS securities to loans. Excludes the amortization of computer software intangibles. -5-