Royal Bank of Canada

The Royal Bank of Canada (RBC Royal Bank) was founded in 1864 in Halifax, Nova Scotia. Today, the bank is headquartered in Montreal, Quebec, Toronto and Ontario. Its shares are traded on the stock exchanges in Toronto and New York under the ticker 'RY'. With total revenues of over $ 29 billion, net income of $3.9 billion, and total assets amounting to 655 billion dollars, the Royal Bank of Canada is deservedly tagged as country’s largest financial services provider. The bank’s 71,186 devoted officials, led by Mr. Gordon Nixon, CEO of RBC Royal Bank, serve more than ten million clients in Canada and over one million costumers in the United States. In addition, the bank has over one hundred branches and representative offices in the Caribbean region, serving over 1.6 million costumers.

To their individual clients, the Royal Bank of Canada offers a wide range of premium banking and financial services including banking and savings accounts, credit and debit cards issuance, banking accounts for students and young people at preferential rates, a convenient online banking service with an option for bill payment and money transfer. RBC’s personal investment solutions include registered retirement savings plans (RRSP) and tax-free savings accounts, mutual funds, guaranteed investment certificates, various education savings plans, along with premium wealth management and investment advisory services and options for direct investing.

RBC’s loan portfolio for individual clients includes various mortgage plans, home equity loans, consumer loans and credit lines for the purchase of motor vehicles or other equipment. Further, its insurance business offers a diverse array of insurance plans and packages such as health and travel insurance, mortgage and loan insurance plans, etc. Travel insurances for Canadian nationals cover cases of medical emergencies outside the client’s home province and outside the borders of Canada. Travelers enjoy various benefits such as: transportation to one’s home destination in case of medical emergency, reimbursement of all daily expenses if medical emergencies results in delay of return, payment of bills for medical treatment, multi-lingual assistance via 24-hour toll free number, etc. In addition, the non-medical insurance package covers cases of trip cancellations.

In support of the small and medium-sized enterprises, the team of the Royal Bank of Canada has developed a set of highly-integrated and specially-tailored banking and financing solutions such as business banking accounts accessible 24 hours a day, cash management services, credit consulting, investment advisory and solutions, as well as various business insurance options.

RBC’s commercial banking business offers sophisticated consulting and banking services, including tailored financing solutions for managers in the sectors of agriculture and manufacturing, as well as for healthcare professionals, not-for-profit organizations and knowledge-based industries, media and entertainment enterprises, and the public sector. The business banking solutions of RBC Royal Bank encompass deposit and specialty accounts, along with financing options such as business loans and lines of credit, leasing solutions for the purchase of equipment and means of production, and various mortgage plans. The business banking unit to the Royal Bank of Canada also offers specialized financing options such as asset-based lending, foreign exchange, letters of credit, and international trade assistance.

In addition, RBC’s business online banking allows the bank’s clients to securely delegate some of their banking and financial responsibilities, manage banking and finances for their multiple companies and protect their business against fraud. Also, the convenient online banking channel of the bank effectively reduces paperwork and phone calls, as well as the number of visits to your bookkeeper.

Finally, the bank’s user-friendly website has sections in English, French, and simplified Chinese.

Copyright © 2015 Commercial Banks Guide | Privacy