Royal Bank of Canada

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Royal Bank of Canada

logo
legal form Public Company (Canada)
ISIN CA7800871021
founding 1901
Seat Montreal , Canada
management Dave McKay (President and CEO )
Number of employees 78,000 (2015)
sales CAD 35.321 billion (2015) EUR
24.517 billion
Branch Banks
Website www.rbc.com

Royal Bank Plaza in Toronto , headquarters of the Royal Bank of Canada

The Royal Bank of Canada (French: Banque Royale du Canada ) is Canada's largest bank . The company is listed on the S & P / TSX 60 Canadian stock index and on the Toronto Stock Exchange . The Royal Bank of Canada has over 1,300 branches in Canada and approximately 80,000 employees in currently 55 countries. The Royal Bank of Canada is known by the abbreviation RBC. RBC has its legal headquarters in Montreal while its operational headquarters are in Toronto . According to Forbes' list of the world's 2000 largest companies, the Royal Bank of Canada ranks 68th.

history

The Royal Bank of Canada was founded in Halifax in 1864 under the name Merchants Bank . The founders were merchants from Halifax with the aim of promoting the fish and timber industry and trade with Europe. In its early years the bank had more ties to England than to the Canadian hinterland. In 1869, the name of the bank was changed to Merchants' Bank of Halifax to accommodate expansion into New Brunswick and Prince Edward Island . In 1882 the first branch outside Canada was opened in Bermuda .

With the first branch in Montreal in 1887, the time of continental expansion finally began. In a very short time branches were established in British Columbia , Manitoba , Saskatchewan and Alberta . In 1901 the name of the bank was changed again to the now known Royal Bank of Canada. In 1907 the headquarters were relocated to Montreal.

Mergers

In its history, the Royal Bank of Canada has merged with other Canadian banks:

  • Union Bank of Halifax (1910)
  • Traders Bank of Canada (1912)
  • Quebec Bank (1917)
  • Northern Crown Bank (1918)
  • Union Bank of Canada (1925)
  • Royal Trust (1993)
  • Dexia (2006)

Business areas

Royal Bank of Canada is a branch of the RBC Financial Group:

  • RBC Royal Bank
  • RBC Centura - USA business
  • RBC Capital Markets
  • RBC Investor & Treasury Services
  • RBC Insurance

The shares of the bank is both the Toronto and the New York Stock Exchange under the symbol RY.

Memberships

The RBC is a member of the Canadian Bankers Association (CBA) and a registered member of the Canada Deposit Insurance Corporation (CDIC), a federal agency that secures the money transactions of all registered banks in Canada. She is also a member of the following groups:

criticism

In 2010 the Royal Bank of Canada received the negative Public Eye Award in the "Global" category for financing the environmentally harmful extraction of crude oil from tar sands .

Web links

Individual evidence

  1. ↑ a b Royal Bank of Canada Annual Report 2015 , accessed December 31, 2015
  2. ↑ Converted to the balance sheet date, October 31, 2015
  3. ^ The World Biggest Public Companies, Jan. 20, 2012