Editing Royal Bank of Canada (section)

=== Personal and Commercial Banking ===
RBC’s Personal and Commercial Banking vertical provides a broad suite of financial products and services to individuals and businesses. Its operations are conducted through two businesses – Canadian banking and Caribbean and US banking.

'''KPIs:'''

* Over 14 million clients in Canadian Banking
* #1 or #2 ranking in market share for all key retail and business products

'''Revenue share FY22'''
[[File:P&CB.png|right|frameless|400x400px]]
The P&CB segment brought in CAD 20.1 billion in FY22 which is a 10% increase in revenue when compared to FY21 which was at CAD 18.3 billion.

* The Personal Banking segment’s revenue rose by 5%, which is primarily due to higher interest rates. Average residential mortgages increased by 11% from FY21 primarily due to rising interest rates, changes in product mix and lower prepayment revenue. Average deposits increased by 9% from FY21 mainly due to the acquisition of new clients and an increase in activity from existing clients.
* Business banking’s revenue increased by 26%, majorly due to higher interest rates, credit fees and service charges. Average loan acceptance increased by 11% and average deposits increased by 11%.
* Caribbean and US Banking revenue increased by 11%, resulting from average volume growth of 11%, higher card service revenue and higher spreads. Average loans and acceptances increased by 12% and average deposits increased by 11% primarily due to increased client activity and the impact of foreign exchange translation. __INDEX__
'''Loan Mix for Q2FY23'''[[File:Loan Mix.png|thumb|400x400px]]
* The loans stand at CAD 846 BN with 50% of it accounting for residential mortgages
* Canadian Banking weighted average FICO Score stands at 789 with over 81% of customers with a score of more than 720
* 30–89-day delinquency rates were stable QoQ across all portfolios
* In the residential mortgage portfolio, fixed-rate mortgages accounted for 68% of the mortgages. The Average Duration for Remaining Mortgage Amortization stands at 26 years
'''Risk review as of Q2FY23'''

* Allowance for Credit Losses increased by CAD 328 MM 
* Provisions for Credit Losses for the commercial business were at CAD 57 MM up CAD 33 MM QoQ, primarily driven by provisions in the consumer discretionary and consumer staples sectors. Retail PCL was at CAD 245 MM up CAD 10 MM QoQ, due to higher provisions in the Credit Card portfolio
* Gross Impaired Loans stand at CAD 1.3 BB, with increases in both retail and commercial portfolios. Write-offs increased by CAD 28 MM QoQ, driven by higher write-offs on Credit Cards and Personal Loans