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DESPITE VOLATILE MORTGAGE ENVIRONMENT, RBC CENTURA EXPECTS SOLID YEAR IN MORTGAGE ORIGINATIONS



RALEIGH, N.C., August 30, 2007 - As mortgage lending companies fight bankruptcy, RBC Centura celebrates more than 100 years of providing mortgage lending solutions to homeowners and forecasts it will originate $1 billion in mortgage loans in 2007.

"We operate a consistent mortgage business that focuses on customer service and quality loans and, therefore, we haven't been subjected to the roller coaster fluctuations other lenders have incurred in the mortgage industry," said Kevin McNamara, RBC Centura president of retail and business banking strategy. "We offer competitive rates and helpful financial education. In fact, our mortgage lending division has grown to more than 100 mortgage employees throughout the bank's six-state Southeastern footprint."

RBC Centura operates a full mortgage lending division offering product solutions tailored to meet the needs of a diverse customer group. Through its investor and partner relationships, RBC Centura originates Fannie Mae and Freddie Mac loans, as well as a full suite of industry-standard mortgage financing solutions.

To ensure that customers understand all aspects of their mortgage decisions, RBC Centura provides financial education, as well as homeownership seminars to consumer, community resources, local housing-based nonprofit organizations and members of the faith community. Each RBC Centura mortgage originator participates in training on how to conduct homeownership workshops in local communities, and mortgage originators receive awards from the bank for taking the extra time and care often required to help low-to-moderate-income families realize their goal of homeownership. In 1995, RBC Centura introduced a Self-Help product to provide easier access to mortgages, specifically for low-to-moderate-income customers.

"I've said all along that when the housing market cools, people are still going to need to have access to mortgage bankers who can talk to them about the best loan structure for flexibility and security," said McNamara. "RBC Centura mortgage specialists understand the products and the cycles of the real estate market, and they are available in the financial centers to provide information when our customers need it." Further demonstrating the banks stability, on Friday, RBC Financial Group reported positive news with a 19 percent rise in profits to about $1.3 billion; the highest quarterly profit in at least two years. "While other mortgage [operations] have had to shut down, we're open full force and trying to grow," said Scott Custer, RBC Centura chairman and CEO. "If there's dislocation in the market, we'll try and benefit from that."

About RBC Centura Bank

RBC Centura, headquartered in Raleigh, N.C., offers a wide range of financial services and advice, including a complete line of banking, and mortgage services to individuals, businesses and public institutions throughout the Southeast. RBC Centura's multi-faceted customer access network includes more than 340 full-service banking centers, an extensive ATM network, and telephone and Internet banking. In addition, RBC Centura offers builder finance products through its RBC Builder Finance division. According to SNL Financial, RBC Centura is the 45th largest U.S. bank based on assets as of August 2007. RBC Centura Banks Inc. is a wholly-owned subsidiary of Royal Bank of Canada (RBC) (NYSE, TSX: RY), Canada's largest bank as measured by assets.