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Here are some fast facts about RBC Financial Group:
History:
(For more details, please visit our history
site)
- Chartered in 1869 as the Merchants' Bank of Halifax
- Renamed The Royal Bank of Canada in 1901
- Became Canada's largest bank based on assets in 1941 ($1
billion)
- Installed its first computer in 1961 - a first in Canadian
banking
- Formally introduced its distinctive symbol (Lion and Globe)
in 1962
Major acquisitions
For more information, please visit our Investor Relations
site:
Acquisitions section
2007
- Seasongood & Mayer - April 30, 2007
- Royal Fidelity Merchant Bank and Trust (Bahamas and Barbados)
joint venture - March 17, 2007
- J.B Hanauer & Co - March 13, 2007
2006
- Daniels & Associates - November 21, 2006
- RBC Centura to buy 39 AmSouth branches - November 1, 2006
- Carlin Financial Group - October 25, 2006
- American Guaranty & Trust - September 6, 2006
- Flag Financial Corporation - August 9, 2006
2005
- Abacus Financial Services Group Limited - November 30, 2005
- Dexia - June 9, 2005
2003
- William R. Hough & Co. - December 16, 2003
- UnumProvident's Canadian operations - November 18, 2003
- Sterling Capital Mortgage Corporation - July 17, 2003
- Florida branch acquisition - July 10, 2003
2002
- Admiralty Bancorp, Inc. - August 29, 2002
- Assets of Barclays' private banking operations in the
Americas. - May 22, 2002
- U.S. direct life insurance and mutual fund operations
of Business Men's Assurance Company of America - April 30,
2002
- Eagle Bancshares, Inc - March 26, 2002
2001
- Tucker Anthony Sutro - August 1, 2001
- Perpetual Fund Services, the custody, investment administration
and unit registry business of Perpetual Trustees Australia
Limited. - May 30, 2001
- Centura Banks, Inc - January 26, 2001
2000
- September 28 - Dain Rauscher Corp.
- Liberty Life and Liberty Insurance Services - June 19, 2000
- Prism Financial Corp - March 10, 2000
- Ernst & Young Trust Company (Jersey) Limited - January
31, 2000
- RBC Insurance's Acquisition of PruCan's Individual Life
Insurance and Annuity Business and 15% of PPI Partners - January
31, 2000
Key Facts
(as of July 31, 2007 - unless otherwise indicated)
All numbers and figures are in Canadian dollars
- Assets: $605 billion
- Assets under administration: * $563 billion
- Market capitalization: $69.0 billion
- Number of branches in Canada: 1,524
- Number of branches outside of Canada: 372
- Number of automated banking machines: 4,377
- $2.1 billion paid in taxes (Oct. 31, 2006 - worldwide)
- Spent $3.9 billion spent on goods and services, from thousands
of suppliers of all sizes (Oct. 31, 2006 - worldwide)
- In 2006, RBC paid out $1.6 billion in dividends to preferred
and common shareholders
- Over $83 million donated to charities in 2006 (worldwide)
- Over $42 million in sponsorship in 2006 (worldwide)
- $7.3 billion in employee compensation and benefits in
2006
- $1.7 billion spent on technology (in 2006)
- Customers: 15 million
- Telephone banking customers: 3.1 million (Oct. 31, 2006)
* Excluding Institutional & Investor Services assets that
were contributed to the joint venture RBC Dexia Investor Services
on January 2, 2006.
People (as at October 2006)
- Number of employees (Full and part-time positions): 69,480
- RBC has approximately 8,000 employees in management-level
positions; 55 per cent are women (2006); 21 per cent are
visible minorities.
- It is estimated that about 1,000 RBC employees work in
some form of flexible work arrangement.
- RBC spent $109 million on employee learning in 2006. Learning
is delivered through multiple channels: classroom, e-learning,
workplace, satellite, intranet, electronic performance support,
job aids, etc.
- RBC receives as many as 25,000 applications each month.
Our new Careers online application system makes submitting
a resume much easier.
- With Personal Learning Network, an award-winning learning
program, RBC enables its employees to advance their training
anytime, anywhere.
Focus on small and medium sized business
(SME)
Canada
- RBC is a market leader with more than 420,000 small business
clients and 180,000 commercial clients in Canada.
- We have more than 500 account managers dedicated to small
business clients and more than 1,200 account managers dedicated
to serving commercial clients.
- We are the market leader for women entrepreneurs in Canada
with a 21 per cent market share.
United States
- RBC Centura serves almost 58,000 small business clients
in North Carolina, Georgia, Virginia, South Carolina and
Florida.
- We have about 400 bankers who serve small businesses,
with nearly 60 people dedicated solely to this segment.
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