Royal Bank of Canada

Royal Bank of Canada (RBC) Overview
RBC HQ, Toronto

Royal Bank of Canada (RBC) is the largest Canadian bank by assets, market capitalization, revenue and net income. It provides a full range of financial products and services to over 17 million clients through 1,344 branches (including 1,241 branches in Canada) and over 4,400 ATMs. RBC has the largest branch and ATM network in the country. With over 92,000 full-time equivalent employees, it operates through the following business segments: Personal & Commercial Banking (Canadian Banking and Caribbean & U.S. Banking), Wealth Management, International Banking, Investor & Treasury Services, Capital Markets and Insurance. RBC Wealth Management serves affluent and high net worth individuals, institutions and charitable foundations around the globe, with a presence in key financial centers. RBC is one of the largest Canadian bank-owned insurance providers offering auto, home, life, health and travel insurance to more than 5 million customers. RBC serves approximately 1 million clients in the Caribbean countries and territories through 38 branches and offices. The company has a large retail banking presence in the US through Los Angeles-based City National Bank and Atlanta-based RBC Bank. The company is also one of the top 15 investment banks in the United States with over 30 offices across 24 states and about 2,000 advisors in US Wealth Management. Royal Bank of Canada was established in 1869 in Halifax and is headquartered in Toronto. RBC shares are traded on the Toronto Stock Exchange (TSX) and the New York Stock Exchange (NYSE), with a market capitalization of $172 billion as of November 1, 2024. Royal Bank of Canada is one of the best and safest banks in Canada and North America according to Global Finance magazine.

Financials

Revenue C$56.13 billion (2023)
Net income C$14.87 billion (2023)
Total assets C$2.076 trillion (07/2024)
Deposits C$1.361 trillion (07/2024)
Shareholders’ equity C$124.4 billion (07/2024)
Assets under management (AUM) C$1.300 trillion (Q3 2024)
Assets under administration (AUA) C$4.716 trillion (Q3 2024)
Number of employees (FTE) 96,165 (July 2024)

See also: RBC Credit Cards, RBC Locations, RBC New York

Head office address:
200 Bay St., Royal Bank Plaza
Toronto, Ontario
M5J 2J5, Canada
Phone number: 1-888-212-5533
Toll Free: 800-769-2599
Fax: 416-955-7800
SWIFT BIC Code: ROYCCAT2
Website: www.rbc.com