RBCDF.PFD (Royal Bank of Canada) Credit Losses Provision : $2,369.62 Mil (As of Oct. 2024)

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What is Royal Bank of Canada Credit Losses Provision?

Royal Bank of Canada's credit losses provision for the three months ended in Oct. 2024 was $610.60 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Oct. 2024 was $2,369.62 Mil.

Royal Bank of Canada's quarterly credit losses provision declined from Apr. 2024 ($672.81 Mil) to Jul. 2024 ($480.53 Mil) but then increased from Jul. 2024 ($480.53 Mil) to Oct. 2024 ($610.60 Mil).

Royal Bank of Canada's annual credit losses provision increased from Oct. 2022 ($353.57 Mil) to Oct. 2023 ($1,799.88 Mil) and increased from Oct. 2023 ($1,799.88 Mil) to Oct. 2024 ($2,349.35 Mil).

Royal Bank of Canada Credit Losses Provision Historical Data

The historical data trend for Royal Bank of Canada's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Royal Bank of Canada Credit Losses Provision Chart

Royal Bank of Canada Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Credit Losses Provision

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3,291.72

-605.60

353.57

1,799.88

2,349.35

Royal Bank of Canada Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Credit Losses Provision	Get a 7-Day Free Trial															525.09	605.68	672.81	480.53	610.60

Royal Bank of Canada Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Oct. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,369.62 Mil.

Royal Bank of Canada Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Royal Bank of Canada (OTCPK:RBCDF.PFD) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

RY:USA RY N:Mexico 0QKU:UK RYC:Germany RY.PR.S.PFD:Canada RY.PR.O.PFD:Canada RY.PR.N.PFD:Canada RY.PR.M.PFD:Canada RY.PR.J.PFD:Canada RY:Canada

Address

1 Place Ville Marie, Corporate Secretary\'s Department, Montreal, QC, CAN, H3B 3A9

Website

https://www.rbc.com

Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the US and other countries.