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RBC,
which increased its quarterly dividend by 3 percent, also posted
lower earnings in its capital markets division.
Gross impaired loans for the oil-and-gas sector shot up to C$183
million, compared with C$5 million in the same period last year.
They were C$46 million in the second quarter.
Those numbers, which come a day after Bank of Montreal reported
a big rise in bad loans in the energy sector, suggest that the
Canadian banks are starting to feel the impact of a plunge in
the oil price, which is near 6-1/2 year lows.
Net income for the quarter ended July 31 was C$2.48 billion, or
C$1.66 per share, compared with C$2.38 billion, or C$1.59 per
share, in the third quarter of 2014.
Analysts on average had expected earnings of C$1.67 a share,
according to Thomson Reuters I/B/E/S.
Profit in the personal and commercial banking segment climbed 13
percent, and wealth management earnings were flat. Net income
for capital markets, which was affected by weaker fixed income
and equity trading, fell about 15 percent.
(Reporting by John Tilak; editing by Jason Neely and Chizu
Nomiyama)
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