Royal Bank of Canada
 |
|
| Public | |
| Traded as | : RY : RY SIX: RY |
| Industry | Financial services |
| Founded |
Halifax, Nova Scotia 1864 |
| Headquarters |
Toronto, Ontario, Canada Montreal, Quebec, Canada |
|
Key people
|
David I. McKay (President & CEO) |
| Revenue | C$35.321 billion (2015) |
 C$10.026 billion (2015) |
|
| Total assets | C$1,074.208 billion (2015) |
|
Number of employees
|
72,839 (FTE, 2015) |
| Subsidiaries |
City National Bank Royal Bank of Trinidad and Tobago |
| Website | rbc |
The Royal Bank of Canada (RBC; French: Banque Royale du Canada) is a Canadian multinational financial services company and the largest bank in Canada. The bank serves over 16 million clients and has 80,000 employees worldwide. The company corporate headquarters are located in Toronto, Ontario. The bank was founded in 1864 in Halifax, Nova Scotia. RBC's Institution Number (or bank number) is 003.
In Canada, the bank's personal and commercial banking operations are branded as RBC Royal Bank in English and RBC Banque Royale in French and serves approximately ten million clients through its network of 1,209 branches. RBC Bank was the U.S. banking subsidiary with 439 branches across six states in the Southeast, which served more than a million customers. RBC also has 127 branches across seventeen countries in the Caribbean, which serve more than 16 million clients.RBC Capital Markets is RBC's worldwide investment and corporate banking subsidiary, while the investment brokerage firm is known as RBC Dominion Securities. Investment banking services are also provided through RBC Bank and the focus is on middle market clients.
RBC is listed as the largest Canadian company by revenue and market capitalization by The Globe and Mail and was ranked at 50 in the 2013 Forbes Global 2000 listing. The company has operations in Canada, and 40 other countries and has 673.2 USD Bn of assets under management according to the Scorpio Partnership Global Private Banking Benchmark 2014, this represented an increase of 5.6% on the 2013 figure.
In 1864, the Merchants Bank of Halifax was founded in Halifax, Nova Scotia as a commercial bank that financed the fishing and timber industries and the European and Caribbean import/export businesses. By 1869 the Merchants' Bank was officially incorporated and received its federal charter in the same year.
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