Royal Bank Q2 profit falls 54% as it increases provisions for bad loans
Loan loss provisions increased by $2.4 billion
- By: The Canadian Press
- May 27, 2020 May 27, 2020
- 10:21
Loan loss provisions increased by $2.4 billion
The bank’s loan loss provisions totalled $1.11 billion for the quarter
The bank set aside $504 million in loan loss provisions
The previous estimate was $252.1 billion, before recent pandemic measures
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