Mike Rizvanovitch's questions to ROYAL BANK OF CANADA (RY) leadership • Q2 2025
Question
Inquired about the cause of the deteriorating gross impaired loan (GIL) ratio in the mortgage book and asked for the approximate revenue contribution of the mortgage business to the Personal Banking segment.
Answer
The mortgage GIL deterioration is not related to the high-quality HSBC portfolio but is driven by payment stress in specific markets like the GTA. The bank's overall client quality remains strong. The specific revenue contribution of the mortgage business was deferred to an offline conversation.